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Initiation
Confluent initiated with a Neutral at Citi » 06:26
07/20/21
07/20
06:26
07/20/21
06:26
CFLT

Confluent

$40.16 /

-0.34 (-0.84%)

Citi analyst Tyler Radke…

Citi analyst Tyler Radke initiated coverage of Confluent with a Neutral rating and $45 price target. Reaccelerating revenue growth in Q2 of fiscal 2022 could be a potential catalyst, but the stock will "need to navigate significant margin contraction from accelerated investments and potentially slowing growth first," Radke tells investors in a research note.

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CFLT Confluent
$40.16 /

-0.34 (-0.84%)

CFLT Confluent
$40.16 /

-0.34 (-0.84%)

07/19/21 UBS
Confluent initiated with a Buy at UBS
07/19/21 JPMorgan
Confluent initiated with a Neutral at JPMorgan
07/19/21 Morgan Stanley
Confluent initiated with an Equal Weight at Morgan Stanley
07/19/21 Deutsche Bank
Confluent initiated with a Hold at Deutsche Bank
  • 24
    Jun
CFLT Confluent
$40.16 /

-0.34 (-0.84%)

CFLT Confluent
$40.16 /

-0.34 (-0.84%)

Initiation
Confluent initiated with a Buy at UBS » 09:14
07/19/21
07/19
09:14
07/19/21
09:14
CFLT

Confluent

$40.30 /

-0.19 (-0.47%)

UBS analyst Karl…

UBS analyst Karl Keirstead initiated coverage of Confluent with a Buy rating and $46 price target. The stock's revenue multiple of 27.6-times is "hardly cheap", but that valuation is justified by the company's "data in motion" market opportunity and upside potential to consensus revenue estimates, the analyst tells investors in a research note.

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CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

07/19/21 JPMorgan
Confluent initiated with a Neutral at JPMorgan
07/19/21 Morgan Stanley
Confluent initiated with an Equal Weight at Morgan Stanley
07/19/21 Deutsche Bank
Confluent initiated with a Hold at Deutsche Bank
07/19/21 Cowen
Confluent initiated with an Outperform at Cowen
  • 24
    Jun
CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

Initiation
Confluent initiated with a Neutral at JPMorgan » 08:24
07/19/21
07/19
08:24
07/19/21
08:24
CFLT

Confluent

$40.30 /

-0.19 (-0.47%)

JPMorgan analyst Mark…

JPMorgan analyst Mark Murphy initiated coverage of Confluent with a Neutral rating and $44 price target.

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CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

07/19/21 Morgan Stanley
Confluent initiated with an Equal Weight at Morgan Stanley
07/19/21 Deutsche Bank
Confluent initiated with a Hold at Deutsche Bank
07/19/21 Cowen
Confluent initiated with an Outperform at Cowen
07/19/21 Wells Fargo
Confluent initiated with an Overweight, $50 target at Wells Fargo
  • 24
    Jun
CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

Initiation
Confluent initiated with an Equal Weight at Morgan Stanley » 06:59
07/19/21
07/19
06:59
07/19/21
06:59
CFLT

Confluent

$40.30 /

-0.19 (-0.47%)

Morgan Stanley analyst…

Morgan Stanley analyst Sanjit Singh initiated coverage of Confluent with an Equal Weight rating and $45 price target. While admitting that Confluent is "making the vision of real-time operations a reality by pioneering a new category of software" and is the clear market leader in an emerging category, Singh thinks the shares look fairly priced trading at 28 times calendar 2022 expected revenue.

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CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

07/19/21 Deutsche Bank
Confluent initiated with a Hold at Deutsche Bank
07/19/21 Cowen
Confluent initiated with an Outperform at Cowen
07/19/21 Wells Fargo
Confluent initiated with an Overweight, $50 target at Wells Fargo
07/19/21 Wells Fargo
Confluent initiated with an Overweight at Wells Fargo
  • 24
    Jun
CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

Initiation
Confluent initiated with a Hold at Deutsche Bank » 06:55
07/19/21
07/19
06:55
07/19/21
06:55
CFLT

Confluent

$40.30 /

-0.19 (-0.47%)

Deutsche Bank analyst…

Deutsche Bank analyst Patrick Colville initiated coverage of Confluent with a Hold rating and $37 price target.

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CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

07/19/21 Cowen
Confluent initiated with an Outperform at Cowen
07/19/21 Wells Fargo
Confluent initiated with an Overweight, $50 target at Wells Fargo
07/19/21 Wells Fargo
Confluent initiated with an Overweight at Wells Fargo
07/19/21 BofA
Confluent initiated with a Neutral on valuation at BofA
  • 24
    Jun
CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

Initiation
Confluent initiated with an Outperform at Cowen » 06:34
07/19/21
07/19
06:34
07/19/21
06:34
CFLT

Confluent

$40.30 /

-0.19 (-0.47%)

Cowen analyst J. Derrick…

Cowen analyst J. Derrick Wood initiated coverage of Confluent with an Outperform rating.

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CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

07/19/21 Wells Fargo
Confluent initiated with an Overweight at Wells Fargo
07/19/21 BofA
Confluent initiated with a Neutral on valuation at BofA
07/19/21 BofA
Confluent initiated with a Neutral at BofA
07/19/21 Piper Sandler
Confluent initiated with an Overweight at Piper Sandler
  • 24
    Jun
CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

Initiation
Confluent initiated with an Overweight, $50 target at Wells Fargo » 06:34
07/19/21
07/19
06:34
07/19/21
06:34
CFLT

Confluent

/

+

Wells Fargo analyst…

Wells Fargo analyst Michael Turrin initiated coverage of Confluent with an Overweight rating and $50 price target. Confluent is leading a "generational shift" toward "data-in-motion," enabling a new layer of connective tissue for data infrastructure, Turrin tells investors in a research note. The analyst's work suggests a "vast market opportunity ahead" and that the company's recent product investments can help fuel a "rapid adoption cycle" of 35%-plus revenue growth.

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CFLT Confluent
/

+

CFLT Confluent
/

+

07/19/21 Wells Fargo
Confluent initiated with an Overweight at Wells Fargo
07/19/21 BofA
Confluent initiated with a Neutral on valuation at BofA
07/19/21 BofA
Confluent initiated with a Neutral at BofA
07/19/21 Piper Sandler
Confluent initiated with an Overweight at Piper Sandler
  • 24
    Jun
CFLT Confluent
/

+

CFLT Confluent
/

+

Initiation
Confluent initiated with an Overweight at Wells Fargo » 06:30
07/19/21
07/19
06:30
07/19/21
06:30
CFLT

Confluent

$40.30 /

-0.19 (-0.47%)

Wells Fargo analyst…

Wells Fargo analyst Michael Turrin initiated coverage of Confluent with an Overweight rating and $50 price target.

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CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

07/19/21 BofA
Confluent initiated with a Neutral on valuation at BofA
07/19/21 BofA
Confluent initiated with a Neutral at BofA
07/19/21 Piper Sandler
Confluent initiated with an Overweight at Piper Sandler
07/19/21 KeyBanc
Confluent initiated with a Sector Weight at KeyBanc
  • 24
    Jun
CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

Initiation
Confluent initiated with a Neutral on valuation at BofA » 06:27
07/19/21
07/19
06:27
07/19/21
06:27
CFLT

Confluent

$40.30 /

-0.19 (-0.47%)

BofA analyst Brad Sills…

BofA analyst Brad Sills initiated coverage of Confluent with a Neutral rating and $48 price target. The company addresses a "large and growing" data integration market, representing an estimated $50B opportunity in 2021, Sills tells investors in a research note. The analyst believes Confluent is well positioned to continue gaining share in its addressable market. His Neutral rating is "purely valuation based."

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CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

07/19/21 BofA
Confluent initiated with a Neutral at BofA
07/19/21 Piper Sandler
Confluent initiated with an Overweight at Piper Sandler
07/19/21 KeyBanc
Confluent initiated with a Sector Weight at KeyBanc
07/19/21 Goldman Sachs
Confluent initiated with a Neutral at Goldman Sachs
  • 24
    Jun
CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

Initiation
Confluent initiated with a Neutral at BofA » 06:20
07/19/21
07/19
06:20
07/19/21
06:20
CFLT

Confluent

$40.30 /

-0.19 (-0.47%)

BofA analyst Brad Sills…

BofA analyst Brad Sills initiated coverage of Confluent with a Neutral rating and $48 price target.

ShowHide Related Items >><<
CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

07/19/21 Piper Sandler
Confluent initiated with an Overweight at Piper Sandler
07/19/21 KeyBanc
Confluent initiated with a Sector Weight at KeyBanc
07/19/21 Goldman Sachs
Confluent initiated with a Neutral at Goldman Sachs
07/19/21 JMP Securities
Confluent initiated with an Outperform at JMP Securities
  • 24
    Jun
CFLT Confluent
$40.30 /

-0.19 (-0.47%)

CFLT Confluent
$40.30 /

-0.19 (-0.47%)

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