Wall Street Analysts Downgrade Li Auto to Hold, Price Target Cut to $17.5
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: Benzinga
- Li Auto Downgrade: Jefferies analyst Johnson Wan downgraded Li Auto (NASDAQ:LI) from Buy to Hold, cutting the price target from $28.8 to $17.5, reflecting a cautious outlook on future growth, with shares closing at $16.69 on Thursday, near the new target.
- Wolverine World Wide Rating Change: Exane BNP Paribas analyst Laurent Vasilescu downgraded Wolverine World Wide (NYSE:WWW) from Outperform to Neutral, lowering the price target from $38 to $19, with shares closing at $19.28 on Thursday, indicating market concerns about its future performance.
- Cleveland-Cliffs Rating Adjustment: Seaport Global analyst Martin Englert downgraded Cleveland-Cliffs (NYSE:CLF) from Buy to Neutral, with shares closing at $14.45 on Thursday, reflecting weakened expectations for profitability.
- The Trade Desk Downgrade: Citizens analyst Matthew Condon downgraded The Trade Desk (NASDAQ:TTD) from Market Outperform to Market Perform, with shares closing at $36.82 on Thursday, signaling reduced confidence in its growth potential.
Analyst Views on CFLT
Wall Street analysts forecast CFLT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CFLT is 29.10 USD with a low forecast of 24.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
28 Analyst Rating
3 Buy
24 Hold
1 Sell
Hold
Current: 30.530
Low
24.00
Averages
29.10
High
31.00
Current: 30.530
Low
24.00
Averages
29.10
High
31.00
About CFLT
Confluent, Inc. provides a data streaming platform that enables customers to connect their applications, systems, and data layers and can be deployed as a fully-managed cloud-native software-as-a-service (SaaS) offering, Confluent Cloud, as a self-managed software offering, Confluent Platform, or as a Bring Your Own Cloud (BYOC) managed service offering where the raw data resides inside a customer’s own cloud environment, WarpStream. The Company also offers professional services and educational services. The Company is focused on developing a category of data infrastructure focused on data in motion for developers and enterprises. Its cloud-native offering works across multi-cloud and hybrid infrastructures and supports a variety of deployment models to support diverse customer requirements, delivering massive scalability, elasticity, security, and global interconnectedness, enabling agile development. WarpStream offers a lower-cost option for relaxed latency use cases for customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
