20 analysts have shared their evaluations of Confluent (NASDAQ:CFLT) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 10 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 7 | 4 | 0 | 0 |
| 3M Ago | 3 | 2 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Confluent, presenting an average target of $30.8, a high estimate of $40.00, and a low estimate of $25.00. This current average reflects an increase of 3.36% from the previous average price target of $29.80.
Decoding Analyst Ratings: A Detailed Look
The analysis of recent analyst actions sheds light on the perception of Confluent by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Turrin | Wells Fargo | Raises | Overweight | $40.00 | $35.00 |
| Mike Cikos | Needham | Maintains | Buy | $31.00 | $31.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $33.00 | $26.00 |
| Karl Keirstead | UBS | Raises | Neutral | $26.00 | $23.00 |
| Nick Altmann | Scotiabank | Raises | Sector Perform | $27.00 | $25.00 |
| Raimo Lenschow | Barclays | Raises | Overweight | $32.00 | $29.00 |
| Derrick Wood | TD Cowen | Raises | Buy | $31.00 | $27.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $31.00 | $29.00 |
| Mike Cikos | Needham | Raises | Buy | $31.00 | $28.00 |
| William Power | Baird | Raises | Neutral | $28.00 | $23.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $40.00 | $40.00 |
| Tyler Radke | Citigroup | Raises | Neutral | $25.00 | $24.00 |
| Pinjalim Bora | JP Morgan | Raises | Overweight | $26.00 | $25.00 |
| Peter Weed | Bernstein | Lowers | Outperform | $33.00 | $38.00 |
| Gregg Moskowitz | Mizuho | Lowers | Outperform | $29.00 | $31.00 |
| Patrick Walravens | JMP Securities | Maintains | Market Outperform | $40.00 | $40.00 |
| Mike Cikos | Needham | Maintains | Buy | $28.00 | $28.00 |
| Derrick Wood | TD Cowen | Lowers | Buy | $27.00 | $31.00 |
| Chirag Ved | Evercore ISI Group | Lowers | Outperform | $28.00 | $33.00 |
| Rudy Kessinger | DA Davidson | Maintains | Buy | $30.00 | $30.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Confluent. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into 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.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Confluent's market standing. Stay informed and make well-considered decisions with 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.
Breaking Down Confluent's Financial Performance
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Confluent displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 24.99%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Confluent's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -29.63%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Confluent's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -8.2%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Confluent's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -2.89%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Confluent's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.19, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Understanding the Relevance of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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