Across the recent three months, 22 analysts have shared their insights on Confluent CFLT, expressing a variety of opinions spanning from bullish to bearish.
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 | 10 | 7 | 4 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 0 | 0 |
| 2M Ago | 8 | 5 | 2 | 1 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Confluent, presenting an average target of $29.95, a high estimate of $38.00, and a low estimate of $23.00. Experiencing a 13.81% decline, the current average is now lower than the previous average price target of $34.75.
Decoding Analyst Ratings: A Detailed Look
The perception of Confluent by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Chirag Ved | Evercore ISI Group | Lowers | Outperform | $28.00 | $33.00 |
| Rudy Kessinger | DA Davidson | Maintains | Buy | $30.00 | $30.00 |
| William Power | Baird | Announces | Neutral | $23.00 | - |
| Pinjalim Bora | JP Morgan | Announces | Overweight | $25.00 | - |
| Derrick Wood | TD Cowen | Lowers | Buy | $31.00 | $34.00 |
| Nick Altmann | Scotiabank | Lowers | Sector Perform | $25.00 | $28.00 |
| Brad Zelnick | Deutsche Bank | Lowers | Buy | $30.00 | $35.00 |
| Raimo Lenschow | Barclays | Lowers | Overweight | $29.00 | $34.00 |
| Rob Owens | Piper Sandler | Lowers | Overweight | $32.00 | $37.00 |
| Matthew Hedberg | RBC Capital | Lowers | Outperform | $30.00 | $35.00 |
| Rudy Kessinger | DA Davidson | Lowers | Buy | $30.00 | $37.00 |
| Brad Reback | Stifel | Lowers | Buy | $32.00 | $40.00 |
| Michael Turrin | Wells Fargo | Lowers | Overweight | $34.00 | $38.00 |
| Miller Jump | Truist Securities | Lowers | Buy | $30.00 | $36.00 |
| Kingsley Crane | Canaccord Genuity | Lowers | Buy | $34.00 | $35.00 |
| Mike Cikos | Needham | Lowers | Buy | $28.00 | $38.00 |
| Brad Sills | B of A Securities | Lowers | Underperform | $26.00 | $32.00 |
| Tyler Radke | Citigroup | Lowers | Neutral | $28.00 | $32.00 |
| Mike Cikos | Needham | Maintains | Buy | $38.00 | $38.00 |
| Yun Kim | Loop Capital | Lowers | Hold | $25.00 | $30.00 |
| Gregg Moskowitz | Mizuho | Lowers | Outperform | $34.00 | $36.00 |
| Howard Ma | Guggenheim | Maintains | Buy | $37.00 | $37.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Confluent. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Confluent compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
To gain a panoramic view of Confluent's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Confluent analyst ratings.
Discovering Confluent: A Closer Look
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.
Breaking Down Confluent's Financial Performance
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Confluent's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 24.14%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Confluent's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -38.26%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -10.46%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Confluent's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -3.62%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 1.27, Confluent faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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