Piper Sandler lowered the firm’s price target on Confluent (CFLT) to $27 from $32 and keeps an Overweight rating on the shares. The firm says that while disappointed by results overall, Piper thinks the after-hours move is pricing in a worst-case scenario, which keeps it bullish as the risk/reward skews favorably from here.
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Read More on CFLT:
- Confluent price target lowered to $29 from $31 at Guggenheim
- Confluent price target lowered to $26 from $32 at Oppenheimer
- Confluent price target lowered to $24 from $28 at Mizuho
- TD Cowen downgrades Confluent, says challenges could take time to fix
- Cautious Outlook on Confluent Amid Mixed Results and Structural Challenges