Fintel reports that on April 17, 2023, Barclays maintained coverage of Confluent, Inc. (NASDAQ:CFLT) with a Overweight recommendation.
Analyst Price Forecast Suggests 19.25% Upside
As of April 6, 2023, the average one-year price target for Confluent, Inc. is $29.63. The forecasts range from a low of $21.21 to a high of $37.80. The average price target represents an increase of 19.25% from its latest reported closing price of $24.85.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Confluent, Inc. is $782MM, an increase of 33.54%. The projected annual non-GAAP EPS is -$0.52.
What are Other Shareholders Doing?
Schonfeld Strategic Advisors holds 1,895K shares representing 0.65% ownership of the company. In it's prior filing, the firm reported owning 35K shares, representing an increase of 98.14%. The firm increased its portfolio allocation in CFLT by 4,899.63% over the last quarter.
WMLIX - Wilmington Large-Cap Strategy Fund Class I Shares holds 2K shares representing 0.00% ownership of the company. No change in the last quarter.
LCIAX - Siit Large Cap Index Fund - holds 4K shares representing 0.00% ownership of the company. No change in the last quarter.
IWV - iShares Russell 3000 ETF holds 36K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 34K shares, representing an increase of 7.01%. The firm decreased its portfolio allocation in CFLT by 12.27% over the last quarter.
EQ ADVISORS TRUST - EQ holds 21K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 33K shares, representing a decrease of 58.91%. The firm decreased its portfolio allocation in CFLT by 43.35% over the last quarter.
What is the Fund Sentiment?
There are 542 funds or institutions reporting positions in Confluent, Inc..
This is an increase
of
40
owner(s) or 7.97% in the last quarter.
Average portfolio weight of all funds dedicated to CFLT is 0.24%,
a decrease
of 22.29%.
Total shares owned by institutions increased
in the last three months by 11.67% to 155,891K shares.
The put/call ratio of CFLT is 0.47, indicating a
bullish
outlook.
Confluent Background Information
(This description is provided by the company.)
Confluent is pioneering a fundamentally new category of data infrastructure focused on data in motion. Confluent’s cloud-native offering is the foundational platform for data in motion – designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across the organization. With Confluent, organizations can meet the new business imperative of delivering rich, digital front-end customer experiences and transitioning to sophisticated, real-time, software-driven backend operations.
See all Confluent, Inc. regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
