Confluent (CFLT) Stock Forecast, Price & News

18 Wall Street 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 analysts is that investors should "buy" CFLT shares.
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18 equities research analysts have issued twelve-month price objectives for Confluent's stock. Their CFLT share price forecasts range from $21.00 to $39.00. On average, they expect the company's stock price to reach $29.80 in the next twelve months. This suggests that the stock has a possible downside of 15.9%.
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Confluent's stock was trading at $22.24 at the start of the year. Since then, CFLT stock has increased by 59.4% and is now trading at $35.44.
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Confluent saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 17,740,000 shares, an increase of 10.8% from the April 30th total of 16,010,000 shares. Based on an average trading volume of 3,350,000 shares, the days-to-cover ratio is presently 5.3 days. Approximately 10.1% of the shares of the stock are sold short.
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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 data 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 earned $174.30 million during the quarter, compared to analysts' expectations of $167.12 million. Confluent had a negative trailing twelve-month return on equity of 56.31% and a negative net margin of 77.61%.

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), iShares Future Cloud 5G and Tech ETF (IDAT), First Trust Cloud Computing ETF (SKYY), 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 earnings per share 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 (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 number of institutional and retail 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.
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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 $35.44.

Confluent (NASDAQ:CFLT) has a market capitalization of $10.49 billion and generates $634.11 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.