Navigating 17 Analyst Ratings For Confluent
Portfolio Pulse from Benzinga Insights
In the latest quarter, 17 analysts provided ratings for Confluent (NASDAQ:CFLT), with a mix of bullish and bearish perspectives. The average 12-month price target is $36.76, up from $35.27. Analysts' actions include maintaining, raising, and lowering ratings and price targets, reflecting their reactions to recent developments. Confluent has shown a revenue growth rate of 24.63% but faces challenges with profitability, debt management, and returns on equity and assets.
June 25, 2024 | 9:01 pm
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Confluent (NASDAQ:CFLT) received mixed ratings from 17 analysts, with an average 12-month price target of $36.76, up from $35.27. The company has shown a 24.63% revenue growth but faces challenges in profitability, debt management, and returns on equity and assets.
The mixed analyst ratings and increased average price target suggest a cautiously optimistic outlook for Confluent. The company's revenue growth is a positive sign, but challenges in profitability and debt management may temper short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100