Confluent (CFLT) Stock Price, News & Analysis

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CFLT shares.
View CFLT analyst ratings or view top-rated stocks.

25 equities research analysts have issued 12 month price targets for Confluent's stock. Their CFLT share price targets range from $21.00 to $40.00. On average, they predict the company's share price to reach $30.64 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price.
View analysts price targets for CFLT or view top-rated stocks among Wall Street analysts.

Confluent's stock was trading at $23.40 on January 1st, 2024. Since then, CFLT shares have increased by 14.9% and is now trading at $26.89.
View the best growth stocks for 2024 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our CFLT earnings forecast.

Confluent will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Confluent, Inc. (NASDAQ:CFLT) released its quarterly earnings data on Wednesday, February, 7th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by $0.01. The firm had revenue of $213.18 million for the quarter, compared to analyst estimates of $204.62 million. Confluent had a negative net margin of 56.99% and a negative trailing twelve-month return on equity of 44.16%.

ETFs with the largest weight of Confluent (NASDAQ:CFLT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), Spear Alpha ETF (SPRX), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), iShares Future Cloud 5G and Tech ETF (IDAT), BlackRock Future Innovators ETF (BFTR), Jacob Forward ETF (JFWD), Renaissance IPO ETF (IPO) and Amplify Global Cloud Technology ETF (IVES).

Confluent issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share (EPS) guidance of 0.000-0.020 for the period, compared to the consensus EPS estimate of 0.020. The company issued revenue guidance of $211.0 million-$212.0 million, compared to the consensus revenue estimate of $210.6 million.

Confluent (CFLT) raised $713 million in an initial public offering (IPO) 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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.12%), IMC Chicago LLC (0.00%), Renaissance Capital LLC (0.04%), Wealth Enhancement Advisory Services LLC (0.01%), Gulf International Bank UK Ltd (0.01%) and Diversified Trust Co (0.01%). 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.
View institutional ownership trends.

Shares of CFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.