What is Wall Street’s target price for Confluent Inc (CFLT) stock on Tuesday?
Investors Observer gives Confluent Inc (CFLT) an analyst rating ranking of 26, which means CFLT is ranked higher by analysts than 26% of stocks. The average price target for CFLT is $ 74.75 and the analyst rates the stock as a buy.
Why are analyst ratings important?
While analyst projections shouldn’t be your only resource in determining your position in a stock, they can be a very useful tool. Analysts follow sectors / industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better understand the numbers.
Investors Observer averages the ratings given by analysts, then ranks their score as a percentage relative to the market. This allows you to compare stocks more fully than with the typical buy / sell / hold ranking.
What is happening with Confluent Inc action today?
Confluent Inc (CFLT) stock is trading at $ 72.15 at 2:46 p.m. on Tuesday, January 11, a gain of $ 2.25, or 3.22% from the previous closing price of $ 69.90 . The stock has traded between $ 69.12 and $ 73.95 so far today. The volume today is low. So far, 1,603,769 shares have been traded, compared to an average volume of 2,966,578 shares. Click here for the full report on Confluent Inc.