Across the recent three months, 22 analysts have shared their insights on Confluent CFLT, expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 13 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 3 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 2 | 7 | 4 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $32.45, a high estimate of $40.00, and a low estimate of $25.00. This current average has increased by 7.66% from the previous average price target of $30.14.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Confluent's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Rob Owens | Piper Sandler | Raises | Overweight | $35.00 | $32.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $36.00 | $33.00 |
| Brad Reback | Stifel | Raises | Buy | $37.00 | $34.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $35.00 | $31.00 |
| Miller Jump | Truist Securities | Raises | Buy | $35.00 | $32.00 |
| Pinjalim Bora | JP Morgan | Raises | Overweight | $38.00 | $35.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $35.00 | $32.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $40.00 | $35.00 |
| Mike Cikos | Needham | Maintains | Buy | $31.00 | $31.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $33.00 | $26.00 |
| Karl Keirstead | UBS | Raises | Neutral | $26.00 | $23.00 |
| Nick Altmann | Scotiabank | Raises | Sector Perform | $27.00 | $25.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $32.00 | $29.00 |
| Derrick Wood | TD Cowen | Raises | Buy | $31.00 | $27.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $31.00 | $29.00 |
| Mike Cikos | Needham | Raises | Buy | $31.00 | $28.00 |
| William Power | Baird | Raises | Neutral | $28.00 | $23.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $40.00 | $40.00 |
| Tyler Radke | Citigroup | Raises | Neutral | $25.00 | $24.00 |
| Pinjalim Bora | JP Morgan | Raises | Overweight | $26.00 | $25.00 |
| Peter Weed | Bernstein | Lowers | Outperform | $33.00 | $38.00 |
| Gregg Moskowitz | Mizuho | Lowers | Outperform | $29.00 | $31.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Confluent. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Confluent compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Confluent's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Confluent's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Confluent analyst ratings.
About Confluent
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.
A Deep Dive into Confluent's Financials
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Confluent's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 24.99%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Confluent's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -29.63%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Confluent's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -8.2%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Confluent's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -2.89%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Confluent's debt-to-equity ratio stands notably higher than the industry average, reaching 1.19. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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