Forecasting The Future: 24 Analyst Projections For Confluent

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Analysts' ratings for Confluent CFLT over the last quarter vary from bullish to bearish, as provided by 24 analysts.

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 9 9 5 1 0
Last 30D 1 0 0 0 0
1M Ago 1 2 1 0 0
2M Ago 7 5 3 1 0
3M Ago 0 2 1 0 0

In the assessment of 12-month price targets, analysts unveil insights for Confluent, presenting an average target of $36.96, a high estimate of $42.00, and a low estimate of $30.00. This current average has increased by 8.58% from the previous average price target of $34.04.

price target chart

Interpreting Analyst Ratings: A Closer 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
Miller Jump Truist Securities Lowers Buy $35.00 $40.00
Patrick Walravens Citizens Capital Markets Maintains Market Outperform $40.00 $40.00
Yun Kim Loop Capital Lowers Hold $30.00 $34.00
Patrick Walravens Citizens Capital Markets Maintains Market Outperform $40.00 $40.00
Mike Cikos Needham Maintains Buy $40.00 $40.00
Austin Dietz UBS Raises Buy $38.00 $34.00
Sanjit Singh Morgan Stanley Raises Equal-Weight $32.00 $30.00
Miller Jump Truist Securities Raises Buy $40.00 $35.00
Karl Keirstead UBS Raises Neutral $34.00 $26.00
Matthew Swanson RBC Capital Raises Outperform $41.00 $36.00
Nick Altmann Scotiabank Raises Sector Perform $35.00 $27.00
Michael Turrin Wells Fargo Raises Overweight $42.00 $40.00
Howard Ma Guggenheim Raises Buy $38.00 $35.00
Brad Reback Stifel Raises Buy $40.00 $37.00
Rob Owens Piper Sandler Raises Overweight $40.00 $35.00
Chirag Ved Evercore ISI Group Raises Outperform $40.00 $32.00
Kingsley Crane Canaccord Genuity Raises Buy $38.00 $34.00
Mike Cikos Needham Raises Buy $40.00 $31.00
Raimo Lenschow Barclays Raises Overweight $37.00 $35.00
Brad Sills B of A Securities Raises Underperform $31.00 $26.00
Howard Ma Guggenheim Raises Buy $35.00 $32.00
Sanjit Singh Morgan Stanley Lowers Equal-Weight $30.00 $33.00
Rob Owens Piper Sandler Raises Overweight $35.00 $32.00
Matthew Hedberg RBC Capital Raises Outperform $36.00 $33.00

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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Confluent compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Confluent's stock. This comparison reveals trends in analysts' expectations over time.

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.

Get to Know Confluent Better

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. Its products include Confluent Cloud, a self-managed software offering, Confluent Platform, a managed service offering where the raw data resides inside a customer's cloud environment, and WarpStream, among others. Confluent also offers professional services and education services. The company generates revenue from the sale of subscriptions and services. Geographically, it generates a majority of its revenue from its business in the United States and the rest from International markets.

Confluent's Economic Impact: An Analysis

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: Confluent displayed positive results in 3 months. As of 31 December, 2024, the company achieved a solid revenue growth rate of approximately 22.53%. This indicates a notable 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 is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -33.71%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Confluent's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -9.29%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -3.32%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: Confluent's debt-to-equity ratio stands notably higher than the industry average, reaching 1.15. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

Analyst Ratings: What Are They?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

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.

Which Stocks Are Analysts Recommending Now?

Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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CFLTConfluent Inc
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