Confluent Inc [NASDAQ: CFLT] price surged by 3.13 percent to reach at $0.63.
The one-year CFLT stock forecast points to a potential upside of 31.31. The average equity rating for CFLT stock is currently 1.66, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Confluent Inc [CFLT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CFLT shares is $30.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CFLT stock is a recommendation set at 1.66. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Robert W. Baird have made an estimate for Confluent Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 04, 2024. The new note on the price target was released on August 09, 2024, representing the official price target for Confluent Inc stock. Previously, the target price had yet another raise to $35, while Evercore ISI analysts kept a Outperform rating on CFLT stock.
The Average True Range (ATR) for Confluent Inc is set at 0.85, with the Price to Sales ratio for CFLT stock in the period of the last 12 months amounting to 7.61. The Price to Book ratio for the last quarter was 7.65, with the Price to Cash per share for the same quarter was set at 6.09.
CFLT Stock Performance Analysis:
Confluent Inc [CFLT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.01. With this latest performance, CFLT shares dropped by -5.51% in over the last four-week period, additionally sinking by -32.65% over the last 6 months – not to mention a drop of -38.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CFLT stock in for the last two-week period is set at 48.80, with the RSI for the last a single of trading hit 54.68, and the three-weeks RSI is set at 45.77 for Confluent Inc [CFLT]. The present Moving Average for the last 50 days of trading for this stock 22.32, while it was recorded at 19.83 for the last single week of trading, and 26.41 for the last 200 days.
Insight into Confluent Inc Fundamentals:
Confluent Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.35 and a Current Ratio set at 4.35.
CFLT Stock EPS
With the latest financial reports released by the company, Confluent Inc posted 0.02/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CFLT.
Confluent Inc [CFLT] Institutonal Ownership Details
There are presently around $93.91%, or 97.51%% of CFLT stock, in the hands of institutional investors. The top three institutional holders of CFLT stocks are: BLACKROCK INC. with ownership of 31.11 million shares, which is approximately 9.9011%. JPMORGAN CHASE & CO, holding 23.51 million shares of the stock with an approximate value of $$694.19 million in CFLT stocks shares; and JPMORGAN CHASE & CO, currently with $$651.79 million in CFLT stock with ownership which is approximately 7.0248%.
