Confluent Inc [NASDAQ: CFLT] stock went on a downward path that fall over -4.89% on Wednesday, amounting to a one-week price increase of more than 10.40%.
Over the last 12 months, CFLT stock dropped by -1.39%. The one-year Confluent Inc stock forecast points to a potential upside of 11.67. The average equity rating for CFLT stock is currently 1.76, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $10.90 billion, with 328.00 million shares outstanding and 247.29 million shares in the current float. Compared to the average trading volume of 4.65M shares, CFLT stock reached a trading volume of 6415107 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $37.62 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 1.76. 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.
Morgan Stanley have made an estimate for Confluent Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on January 16, 2025. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Neutral. The new note on the price target was released on September 04, 2024, representing the official price target for Confluent Inc stock. Previously, the target price had yet another raise to $25, while JP Morgan analysts kept a Overweight rating on CFLT stock.
The Average True Range (ATR) for Confluent Inc is set at 1.83, with the Price to Sales ratio for CFLT stock in the period of the last 12 months amounting to 11.31. The Price to Book ratio for the last quarter was 11.64, with the Price to Cash per share for the same quarter was set at 5.82. Price to Free Cash Flow for CFLT in the course of the last twelve months was 352.84 with Quick ratio for the last quarter at 4.15.
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 10.40. With this latest performance, CFLT shares gained by 24.46% in over the last four-week period, additionally plugging by 51.11% over the last 6 months – not to mention a drop of -1.39% 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 56.85, with the RSI for the last a single of trading hit 55.56, and the three-weeks RSI is set at 56.91 for Confluent Inc [CFLT]. The present Moving Average for the last 50 days of trading for this stock 30.10, while it was recorded at 35.38 for the last single week of trading, and 26.26 for the last 200 days.
Insight into Confluent Inc Fundamentals:
Confluent Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.15 and a Current Ratio set at 4.01.
CFLT Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Confluent Inc go to 33.32%.
Confluent Inc [CFLT] Institutonal Ownership Details
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%.
