Breaking Down Confluent: 22 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Confluent (NASDAQ:CFLT) has been the subject of analysis by 22 analysts over the past three months, with opinions ranging from bullish to bearish. The average 12-month price target has decreased from $34.75 to $29.95. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Confluent's financial performance shows strong revenue growth but challenges in profitability and debt management.
September 20, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Confluent has received mixed analyst ratings, with a decrease in the average 12-month price target from $34.75 to $29.95. Analysts have adjusted their ratings and price targets, indicating a cautious outlook. Despite strong revenue growth, the company faces challenges in profitability and debt management.
The decrease in the average price target and the lowering of ratings by several analysts suggest a negative short-term outlook for Confluent. The company's strong revenue growth is overshadowed by challenges in profitability and debt management, leading to a likely short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100