Goldman Sachs raised the firm’s price target on Confluent (CFLT) to $24 from $21 and keeps a Neutral rating on the shares. The firm came away from the Q3 results encouraged by Confluent’s progress across multiple vectors, but prefers to remain on the sidelines until there are discernible proof points that ongoing strategic and operational initiatives can drive a durable inflection in growth, the analyst tells investors in a research note.
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Read More on CFLT:
- Confluent price target raised to $29 from $25 at Stephens
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- Confluent’s Mixed Signals: Hold Rating Amidst Growth and Execution Challenges
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