Confluent (CFLT) Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CFLT shares.
View CFLT analyst ratings or view top-rated stocks.

21 brokers have issued 12-month price targets for Confluent's stock. Their CFLT share price forecasts range from $21.00 to $45.00. On average, they anticipate the company's stock price to reach $36.90 in the next year. This suggests a possible upside of 24.6% 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 33.2% and is now trading at $29.63.
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Confluent saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 23,760,000 shares, an increase of 10.3% from the August 31st total of 21,550,000 shares. Based on an average daily trading volume, of 3,700,000 shares, the days-to-cover ratio is currently 6.4 days. Currently, 11.9% of the company's shares are short sold.
View Confluent's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CFLT earnings forecast.

Confluent, Inc. (NASDAQ:CFLT) announced its earnings results on Wednesday, August, 2nd. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.01. The business earned $189.29 million during the quarter, compared to analyst estimates of $182.18 million. Confluent had a negative net margin of 69.87% and a negative trailing twelve-month return on equity of 54.53%.

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 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 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."

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 $29.63.

Confluent (NASDAQ:CFLT) has a market capitalization of $8.96 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.