The Analyst Verdict: Confluent In The Eyes Of 21 Experts
Portfolio Pulse from Benzinga Insights
Confluent (NASDAQ:CFLT) has been analyzed by 21 analysts, showing a range of ratings from bullish to bearish. The average 12-month price target is $30.71, a 13.08% decline from the previous target. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Confluent has shown a 24.14% revenue growth but faces challenges with profitability and debt management.
September 04, 2024 | 8:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Confluent has received mixed analyst ratings with a decline in the average price target by 13.08%. Despite a strong revenue growth of 24.14%, the company faces challenges in profitability and debt management.
The mixed analyst ratings and the decline in the average price target suggest a neutral short-term impact on Confluent's stock price. The strong revenue growth is a positive indicator, but challenges in profitability and debt management could offset this, leading to a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100