Stephens raised the firm’s price target on Confluent (CFLT) to $29 from $25 and keeps an Overweight rating on the shares. The firm sees “four key improvements” overshadowing the key concern of future big customer moves to on-premise, the analyst tells investors in a post-Q3 note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CFLT:
- Confluent price target raised to $27 from $25 at Morgan Stanley
- Confluent’s Mixed Signals: Hold Rating Amidst Growth and Execution Challenges
- Confluent price target raised to $28 from $27 at Piper Sandler
- Confluent price target raised to $30 from $24 at Wells Fargo
- Confluent price target raised to $27 from $24 at Barclays