Confluent, Inc. which can be found using ticker (CFLT) now have 31 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between $40.00 and $25.00 calculating the mean target price we have $31.53. Given that the stocks previous close was at $27.07 this would indicate that there is a potential upside of 16.5%. Also worth taking note is the 50 day moving average now sits at $22.54 and the 200 day MA is $26.37. The total market capitalization for the company now stands at 8.88B. The current share price for the company is: $27.51 USD
The potential market cap would be $10,340,517,733 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of -, revenue per share of $2.89 and a -9.42% return on assets.
Confluent, Inc. is engaged in designing data infrastructure to connect the applications, systems, and data layers around a real-time central nervous system. The Company is focused on developing a category of data infrastructure focused on data in motion for developers and enterprises. It enables enterprises to deliver customer experiences for their business functions, departments, teams, applications, and data stores to have connectivity. It is designed to have real-time data from multiple sources streamed across an enterprise for real-time analysis. Its offering enables organizations to deploy production-ready applications that run across cloud infrastructures and data centers, with features for security and compliance. Its platform provides the capabilities to fill the structural, operational, and engineering gaps in businesses. It enables software developers to build their applications to connect data in motion and enables enterprises to make data in motion to everything they do.
