Confluent Stock: A Deep Dive Into Analyst Perspectives (17 Ratings)
Portfolio Pulse from Benzinga Insights
Confluent Inc (NASDAQ:CFLT) has received mixed analyst ratings over the past three months, with 17 analysts offering diverse perspectives. The average 12-month price target is $26.71, a significant decrease from the previous $38.56. Analysts have adjusted their ratings and price targets, with some raising and others lowering their expectations. Confluent's financials show a revenue growth rate of 31.93% as of September 30, 2023, but it struggles with a net margin of -46.29%, an ROE of -11.95%, an ROA of -3.95%, and a high debt-to-equity ratio of 1.41.
January 02, 2024 | 4:00 pm
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NEUTRAL IMPACT
Confluent has received a range of analyst ratings, with an average 12-month price target of $26.71, reflecting a downward revision from $38.56. The company's financials indicate strong revenue growth but poor profitability and high debt levels.
The mixed analyst ratings and the significant decrease in the average price target suggest uncertainty about Confluent's future performance. While the revenue growth is positive, the high debt and low profitability metrics may dampen investor sentiment. The score is neutral due to these opposing factors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100