In the latest quarter, 15 analysts provided ratings for Confluent CFLT, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 6 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 5 | 5 | 1 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Confluent, revealing an average target of $36.87, a high estimate of $40.00, and a low estimate of $30.00. Marking an increase of 6.28%, the current average surpasses the previous average price target of $34.69.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive Confluent. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Matthew Hedberg | RBC Capital | Maintains | Outperform | $40.00 | $40.00 |
| Ittai Kidron | Oppenheimer | Announces | Outperform | $37.00 | - |
| Kash Rangan | Goldman Sachs | Raises | Neutral | $30.00 | $27.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $40.00 | $37.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $34.00 | $33.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $40.00 | $38.00 |
| Howard Ma | Guggenheim | Raises | Buy | $37.00 | $35.00 |
| Derrick Wood | TD Cowen | Raises | Buy | $37.00 | $34.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $38.00 | $36.00 |
| Joel Fishbein | Truist Securities | Raises | Buy | $36.00 | $33.00 |
| Kingsley Crane | Canaccord Genuity | Raises | Buy | $35.00 | $28.00 |
| Mike Cikos | Needham | Maintains | Buy | $38.00 | - |
| Gregg Moskowitz | Mizuho | Lowers | Buy | $36.00 | $38.00 |
| Rudy Kessinger | DA Davidson | Maintains | Buy | $37.00 | $37.00 |
| Mike Cikos | Needham | Raises | Buy | $38.00 | $35.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Confluent. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Confluent compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Confluent's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Confluent's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Confluent analyst ratings.
Delving into Confluent's Background
Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. Its products include Confluent Platform; Connectors; ksqlDB and others. The company generates revenue from the sale of subscriptions and services. Geographically, it derives a majority of its revenue from the United States. The company provides solutions to Financial Services; Insurance; Retail and eCommerce; Automotive; Government and other sectors.
Confluent: Financial Performance Dissected
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Confluent displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 24.63%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Confluent's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -42.8%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Confluent's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -11.23%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Confluent's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -3.79%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Confluent's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.32, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
How Are Analyst Ratings Determined?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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