Confluent (CFLT) Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CFLT shares.
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21 brokerages have issued 1-year price targets for Confluent's shares. Their CFLT share price forecasts range from $21.00 to $45.00. On average, they expect the company's stock price to reach $36.90 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price.
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Confluent's stock was trading at $22.24 at the beginning of 2023. Since then, CFLT shares have increased by 32.2% and is now trading at $29.41.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Confluent, Inc. (NASDAQ:CFLT) posted its earnings results on Wednesday, August, 2nd. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.01. The business had revenue of $189.29 million for the quarter, compared to the consensus estimate of $182.18 million. Confluent had a negative trailing twelve-month return on equity of 54.53% and a negative net margin of 69.87%.

ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include Spear Alpha ETF (SPRX), ProShares Big Data Refiners ETF (DAT), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), iShares Future Cloud 5G and Tech ETF (IDAT), Invesco Dorsey Wright Technology Momentum ETF (PTF), BlackRock Future Innovators ETF (BFTR), Wedbush ETFMG Global Cloud Technology ETF (IVES) and First Trust Cloud Computing ETF (SKYY).

Confluent issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of -$0.01-0 for the period, compared to the consensus earnings per share estimate of -$0.05. The company issued revenue guidance of $193.50 million-$195.50 million, compared to the consensus revenue estimate of $176.11 million.

(CFLT) raised $713 million in an IPO on Thursday, June 24th 2021. The company issued 23,000,000 shares at $29.00-$33.00 per share. Morgan Stanley, J.P. Morgan, Goldman Sachs, BofA Securities and Citigroup served 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 variety of retail and institutional investors. Top institutional shareholders include Davidson Kempner Capital Management LP (0.00%), Bank Julius Baer & Co. Ltd Zurich (9.25%), Capital Research Global Investors (2.30%), 1832 Asset Management L.P. (2.10%), Whale Rock Capital Management LLC (0.99%) and Geode Capital Management LLC (0.94%). 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, Rohan Sivaram, Steffan Tomlinson, Stephanie Buscemi, Steven M Spurlock, Ventures Vii (Jersey) L Index and Ying Christina Liu.
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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.
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One share of CFLT stock can currently be purchased for approximately $29.41.

Confluent (NASDAQ:CFLT) has a market capitalization of $8.89 billion and generates $585.94 million in revenue each year. The company earns $-452,550,000.00 in net income (profit) each year or ($1.65) 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.