Breaking Down Confluent: 15 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
15 analysts have provided mixed ratings for Confluent (NASDAQ:CFLT) over the past quarter, with a majority being bullish. The average 12-month price target has increased to $36.87. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance.
June 04, 2024 | 4:00 pm
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Confluent (NASDAQ:CFLT) received mixed ratings from 15 analysts, with a majority being bullish. The average 12-month price target has increased to $36.87, indicating positive sentiment. However, the company's financial metrics such as net margin, ROE, and ROA are below industry averages, and it has a high debt-to-equity ratio.
The majority of analysts are bullish on Confluent, and the average price target has increased, suggesting positive short-term sentiment. However, the company's financial metrics indicate some underlying challenges, which may temper the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100