18 analysts have expressed a variety of opinions on Confluent CFLT over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 5 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 5 | 5 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $33.22, a high estimate of $40.00, and a low estimate of $23.00. This upward trend is apparent, with the current average reflecting a 13.5% increase from the previous average price target of $29.27.
Investigating Analyst Ratings: An Elaborate Study
The standing of Confluent among financial experts is revealed through an in-depth exploration 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 |
|---|---|---|---|---|---|
| Gregg Moskowitz | Mizuho | Lowers | Buy | $36.00 | $38.00 |
| Rudy Kessinger | DA Davidson | Maintains | Buy | $37.00 | $37.00 |
| Mike Cikos | Needham | Raises | Buy | $38.00 | $35.00 |
| Brad Reback | Stifel | Announces | Buy | $40.00 | - |
| Gregg Moskowitz | Mizuho | Raises | Buy | $38.00 | $34.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $37.00 | $35.00 |
| Pinjalim Bora | JP Morgan | Raises | Neutral | $27.00 | $23.00 |
| Nick Altmann | Scotiabank | Raises | Sector Perform | $28.00 | $22.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $33.00 | $26.00 |
| Patrick Walravens | JMP Securities | Raises | Market Outperform | $38.00 | $25.00 |
| Kash Rangan | Goldman Sachs | Raises | Neutral | $27.00 | $24.00 |
| Gregg Moskowitz | Mizuho | Raises | Buy | $34.00 | $29.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $35.00 | $30.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $36.00 | $30.00 |
| Mike Cikos | Needham | Raises | Buy | $35.00 | $30.00 |
| Karl Keirstead | UBS | Raises | Neutral | $26.00 | $21.00 |
| Mike Cikos | Needham | Maintains | Buy | $30.00 | - |
| Yun Kim | Loop Capital | Announces | Hold | $23.00 | - |
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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Confluent compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
To gain a panoramic view of Confluent's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Confluent analyst ratings.
Get to Know Confluent Better
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.
Confluent: Delving into Financials
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Confluent's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 26.39% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Confluent's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -44.14%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Confluent's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -11.77%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Confluent's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -3.9%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.37, caution is advised due to increased financial risk.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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