In the latest trading session, 1.06 million Confluent Inc (NASDAQ:CFLT) shares changed hands as the company’s beta touched 0.91. With the company’s most recent per share price at $29.31 changed hands at -$1.78 or -5.72% at last look, the market valuation stands at $9.79B. CFLT’s current price is a discount, trading about -29.31% off its 52-week high of $37.90. The share price had its 52-week low at $17.79, which suggests the last value was 39.3% up since then.
Analysts gave the Confluent Inc (CFLT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.76. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended CFLT as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight.
Confluent Inc (NASDAQ:CFLT) trade information
Instantly CFLT was in red as seen in intraday trades today. With action -16.11%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 4.83%, with the 5-day performance at -16.11% in the red. However, in the 30-day time frame, Confluent Inc (NASDAQ:CFLT) is 1.99% up.
The consensus price target for the stock as assigned by Wall Street analysts is 28, meaning bulls need a downside of -4.68% from its recent market value. According to analyst projections, CFLT’s forecast low is 23 with 37 as the target high. To hit the forecast high, the stock’s price needs a -26.24% plunge from its current level, while the stock would need to tank 21.53% for it to hit the projected low.
Confluent Inc (CFLT) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -23.27%. The 2025 estimates are for Confluent Inc earnings to increase by 23.27%, but the outlook for the next 5-year period is at 32.82% per year.
Confluent Inc (NASDAQ:CFLT)’s Major holders
JPMORGAN CHASE & CO holds the second largest percentage of outstanding shares, with 7.3597% or 23.51 million shares worth $694.19 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Blackrock Funds-Mid-Cap Growth Equity Portfolio. With 6.86 shares estimated at $203.75 million under it, the former controlled 2.51% of total outstanding shares. On the other hand, Blackrock Funds-Mid-Cap Growth Equity Portfolio held about 1.96% of the shares, roughly 5.35 shares worth around $158.97 million.
