A share price of Confluent Inc [CFLT] is currently trading at $31.46, up 4.80%. An important factor to consider is whether the stock is rising or falling in short-term value. The CFLT shares have gain 8.63% over the last week, with a monthly amount glided 9.77%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Confluent Inc [NASDAQ: CFLT] stock has seen the most recent analyst activity on January 16, 2025, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $30 from $33. Previously, Robert W. Baird started tracking the stock with Neutral rating on September 04, 2024, and set its price target to $23. On August 09, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $25 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $35 on June 11, 2024. Oppenheimer initiated its recommendation with a Outperform and recommended $37 as its price target on May 17, 2024. Canaccord Genuity upgraded its rating to Buy for this stock on May 08, 2024, but kept the price target unchanged to $35. In a note dated February 21, 2024, Stifel initiated an Buy rating and provided a target price of $40 on this stock.
Confluent Inc experienced fluctuations in its stock price throughout the past year between $17.79 and $35.07. Currently, Wall Street analysts expect the stock to reach $29.44 within the next 12 months. Confluent Inc [NASDAQ: CFLT] shares were valued at $31.46 at the most recent close of the market. An investor can expect a potential drop of -6.42% based on the average CFLT price forecast.
Analyzing the CFLT fundamentals
Trailing Twelve Months sales for Confluent Inc [NASDAQ:CFLT] were 915.61M which represents 24.99% growth. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at -0.43%, Pretax Profit Margin comes in at -0.34%, and Net Profit Margin reading is -0.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.41 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.68 points at the first support level, and at 29.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.08, and for the 2nd resistance point, it is at 32.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Confluent Inc [NASDAQ:CFLT] is 4.15. On the other hand, the Quick Ratio is 4.15, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 11.27, the price to book ratio is 11.02.
Transactions by insiders
Recent insider trading involved Phan Kong, Chief Accounting Officer, that happened on Dec 20 ’24 when 3947.0 shares were sold. Director, Narkhede Neha completed a deal on Dec 13 ’24 to sell 0.19 million shares. Meanwhile, Chief Accounting Officer Phan Kong sold 12460.0 shares on Dec 12 ’24.
