Shares of Confluent, Inc. (NASDAQ:CFLT – Get Free Report) have received an average rating of “Moderate Buy” from the twenty-four brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.20.
Several research firms recently commented on CFLT. Wolfe Research upgraded Confluent from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Friday, November 3rd. Scotiabank increased their target price on Confluent from $22.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Truist Financial dropped their target price on Confluent from $42.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Capital One Financial upgraded Confluent from an “equal weight” rating to an “overweight” rating and set a $27.00 target price on the stock in a research report on Wednesday, November 8th. Finally, Morgan Stanley dropped their target price on Confluent from $40.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd.
Institutional Trading of Confluent
Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. bought a new stake in shares of Confluent in the first quarter worth about $30,000. Geneos Wealth Management Inc. purchased a new stake in Confluent in the first quarter worth about $43,000. UniSuper Management Pty Ltd purchased a new stake in Confluent in the third quarter worth about $36,000. Rakuten Securities Inc. purchased a new stake in Confluent in the fourth quarter worth about $31,000. Finally, Quest Partners LLC purchased a new stake in Confluent in the fourth quarter worth about $31,000. 59.30% of the stock is owned by institutional investors.
Confluent Price Performance
Confluent stock opened at $31.52 on Tuesday. Confluent has a 12 month low of $14.69 and a 12 month high of $41.22. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 1.38. The business’s 50 day simple moving average is $23.68 and its 200 day simple moving average is $26.72. The company has a market cap of $9.70 billion, a price-to-earnings ratio of -21.44 and a beta of 0.69.
Confluent Company Profile
Confluent, Inc operates a data streaming platform in the United States and internationally. The company offers Confluent Cloud, a managed cloud-native service for connecting and processing real-time data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data.
- Five stocks we like better than Confluent
- Most active stocks: Dollar volume vs share volume
- 3 attractive stocks that insiders are buying
- The How And Why of Investing in Oil Stocks
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- Space Investment: How to Invest in Space Exploration
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for Confluent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Confluent and related companies with MarketBeat.com's FREE daily email newsletter.