# Confluent, Inc. – Consensus ‘buy’ rating and 34.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/confluent-inc.consensus-buy-rating-and-34.7-upside-potential/4121131710
- Published: 2023-11-01T14:13:02+00:00
- Author: Charlotte Edwards

**Confluent, Inc.** which can be found using ticker (CFLT) have now 19 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
range between the high target price and low target price is between $45.00 and $
30.00 calculating the average target price we see $38.95. Now with the previous 
closing price of $28.91 this would indicate that there is a potential upside of 
34.7%. There is a 50 day moving average of $30.71 and the 200 day moving average
is $28.73. The company has a market cap of 8.74B. The stock price for the company
is currently $28.89 USD

 The potential market cap would be $11,771,188,194 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 $2.36 and
a -13% 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.

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