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Confluent price target lowered to $27 from $32 at Piper Sandler

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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