Canaccord analyst Kingsley Crane lowered the firm’s price target on Confluent (CFLT) to $32 from $38 and keeps a Buy rating on the shares. The firm said its slight guidance cut was the only thing that took away from its otherwise stellar quarter and its Q1 was consistent with what they had been hearing from software decision makers throughout the early part of the year. Given that backdrop, we’re not too discouraged by the slight cut to FY25 revenue guidance.
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Read More on CFLT:
- Confluent price target lowered to $31 from $38 at Guggenheim
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