Confluent (CFLT) Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CFLT shares.
View CFLT analyst ratings or view top-rated stocks.

18 equities research analysts have issued twelve-month price targets for Confluent's shares. Their CFLT share price forecasts range from $21.00 to $40.00. On average, they expect the company's stock price to reach $30.30 in the next year. This suggests that the stock has a possible downside of 16.7%.
View analysts price targets for CFLT or view top-rated stocks among Wall Street analysts.

Confluent's stock was trading at $22.24 at the beginning of the year. Since then, CFLT shares have increased by 63.6% and is now trading at $36.38.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our CFLT earnings forecast.

Confluent, Inc. (NASDAQ:CFLT) posted its quarterly earnings results on Wednesday, May, 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.36). The business had revenue of $174.30 million for the quarter, compared to analyst estimates of $167.12 million. Confluent had a negative net margin of 77.61% and a negative trailing twelve-month return on equity of 56.31%.

ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), BlackRock Future Innovators ETF (BFTR), First Trust Cloud Computing ETF (SKYY), iShares Future Cloud 5G and Tech ETF (IDAT), Wedbush ETFMG Global Cloud Technology ETF (IVES), Fidelity Cloud Computing ETF (FCLD) and WisdomTree Cloud Computing Fund (WCLD).

Confluent issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of -$0.08--$0.06 for the period, compared to the consensus EPS estimate of -$0.10. The company issued revenue guidance of $181.00 million-$183.00 million, compared to the consensus revenue estimate of $181.40 million.

(CFLT) raised $713 million in an initial public offering on Thursday, June 24th 2021. The company issued 23,000,000 shares at a price of $29.00-$33.00 per share. Morgan Stanley, J.P. Morgan, Goldman Sachs, BofA Securities and Citigroup acted as the underwriters for the IPO and Barclays, Credit Suisse, Deutsche Bank Securities, UBS Securities, Wells Fargo Securities, Cowen, D.A. Davidson, JMP Securities, KeyBanc Capital Markets and Piper Sandler were co-managers.

Confluent trades on the NASDAQ under the ticker symbol "CFLT."

Confluent's stock is owned by a number of retail and institutional investors. Top institutional investors include Davidson Kempner Capital Management LP (0.00%), Altimeter Capital Management LP (4.98%), Price T Rowe Associates Inc. MD (4.29%), Atreides Management LP (1.32%), First Trust Advisors LP (1.31%) and Franklin Resources Inc. (0.88%). Insiders that own company stock include An-Yen Hu, Brad Gerstner, Chad Verbowski, Chetan Puttagunta, Edward Jay Kreps, Erica Schultz, Jonathan Chadwick, Lara Caimi, Michelangelo Volpi, Neha Narkhede, Peter H Fenton, Steffan Tomlinson, Stephanie Buscemi, Steven M Spurlock, Ventures Vii (Jersey) L Index and Ying Christina Liu.
View institutional ownership trends.

Shares of CFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of CFLT stock can currently be purchased for approximately $36.38.

Confluent (NASDAQ:CFLT) has a market capitalization of $10.77 billion and generates $585.94 million in revenue each year. The company earns $-452,550,000.00 in net income (profit) each year or ($1.72) on an earnings per share basis.

The company employs 2,761 workers across the globe.

The official website for the company is www.confluent.io. The company can be reached via phone at 800-439-3207 or via email at investors@confluent.io.