Analyst Expectations For Confluent's Future
Portfolio Pulse from Benzinga Insights
In the last three months, 17 analysts have published ratings on Confluent (NASDAQ:CFLT), with a mix of bullish and bearish perspectives. The average 12-month price target is $35.94, up 3.66% from the previous $34.67. Recent analyst actions include both raises and lowers in ratings and price targets, reflecting varied sentiments. Confluent's financials show strong revenue growth but challenges in profitability and debt management.
July 19, 2024 | 2:00 pm
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NEUTRAL IMPACT
Confluent (NASDAQ:CFLT) has received mixed analyst ratings over the past three months, with an average 12-month price target of $35.94, reflecting a 3.66% increase. The company shows strong revenue growth but faces challenges in profitability and debt management.
The mixed analyst ratings and slight increase in the average price target suggest a neutral short-term impact on Confluent's stock. While the company shows strong revenue growth, its challenges in profitability and debt management may offset positive sentiments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100