Citigroup downgraded Confluent, Inc. (CFLT) from Neutral to a lower price target of $20 due to cloud optimization headwinds impacting revenue growth. Despite being a leader in real-time data streaming, the company faces challenges with clients cutting cloud spend. Citigroup remains cautious until demand signals improve.

Confluent, based in California, offers a cloud-native platform centered around Apache Kafka for real-time data streaming and processing. While CFLT shows investment potential, other AI stocks may offer greater upside with less risk. Consider exploring undervalued AI stocks that could benefit from current economic trends.

Read more at Yahoo Finance: Citigroup Slashes Confluent (CFLT) Price Target Amid Cloud Optimization Headwinds