Confluent, Inc. to be Acquired by IBM for $31 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 1 day ago0mins
- Acquisition Investigation: Former Louisiana Attorney General Charles C. Foti and his law firm are investigating the proposed sale of Confluent to IBM, aiming to assess whether the $31 cash offer per share is adequate, which could impact shareholder acceptance of the deal.
- Shareholder Rights Concern: KSF seeks to determine if the transaction undervalues Confluent, potentially leading to shareholder doubts about their legal rights regarding the acquisition, which may affect the smooth execution of the deal.
- Legal Consultation Services: KSF offers no-obligation legal consultations, encouraging shareholders to discuss the fairness of the transaction, demonstrating a commitment to shareholder rights that may attract more stakeholders to engage in the conversation.
- Market Reaction Expectations: The acquisition proposal prompts a reevaluation of Confluent's future value in the market, potentially influencing stock price volatility and investor confidence, reflecting the market's sensitivity to the acquisition price.
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Analyst Views on CFLT
Wall Street analysts forecast CFLT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CFLT is 27.68 USD with a low forecast of 24.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
19 Buy
6 Hold
1 Sell
Moderate Buy
Current: 29.900
Low
24.00
Averages
27.68
High
31.00
Current: 29.900
Low
24.00
Averages
27.68
High
31.00
Baird
William Power
Neutral
maintain
$26 -> $31
2025-12-09
New
Reason
Baird
William Power
Price Target
$26 -> $31
2025-12-09
New
maintain
Neutral
Reason
Baird analyst William Power raised the firm's price target on Confluent (CFLT) to $31 from $26 and keeps a Neutral rating on the shares. The firm raised its price following the announcment it would be acquired by IBM (IBM) for $31 per share.
Piper Sandler
Overweight -> Neutral
downgrade
$31
2025-12-08
New
Reason
Piper Sandler
Price Target
$31
2025-12-08
New
downgrade
Overweight -> Neutral
Reason
Piper Sandler downgraded Confluent (CFLT) to Neutral from Overweight with a $31 price target after IBM (IBM) agreed to acquire all of the issued and outstanding common shares of Confluent for $31 per share.
Wells Fargo
Overweight -> Equal Weight
downgrade
$31
2025-12-08
New
Reason
Wells Fargo
Price Target
$31
2025-12-08
New
downgrade
Overweight -> Equal Weight
Reason
Wells Fargo downgraded Confluent (CFLT) to Equal Weight from Overweight with a $31 price target after IBM (IBM) agreed to acquire all of the issued and outstanding common shares of Confluent for $31 per share.
Stephens
Stephens
Overweight -> Equal Weight
downgrade
$29 -> $31
2025-12-08
New
Reason
Stephens
Stephens
Price Target
$29 -> $31
2025-12-08
New
downgrade
Overweight -> Equal Weight
Reason
Stephens downgraded Confluent (CFLT) to Equal Weight from Overweight with a price target of $31, up from $29, after IBM (IBM) agreed to pay $31 per share in a takeover. The firm, which thinks the deal reflects the importance of real-time streaming workloads for AI and legacy database migration and that this "could portend a larger trend of best-in-class data technologies combining with firms that have larger distribution and complementary products," thinks Snowflake (SNOW) or Databricks could buy Domo (DOMO) and that a hyperscaler could buy MongoDB (MDB).
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About CFLT
Confluent, Inc. provides a data streaming platform that enables customers to connect their applications, systems, and data layers and can be deployed as a fully-managed cloud-native software-as-a-service (SaaS) offering, Confluent Cloud, as a self-managed software offering, Confluent Platform, or as a Bring Your Own Cloud (BYOC) managed service offering where the raw data resides inside a customer’s own cloud environment, WarpStream. The Company also offers professional services and educational services. The Company is focused on developing a category of data infrastructure focused on data in motion for developers and enterprises. Its cloud-native offering works across multi-cloud and hybrid infrastructures and supports a variety of deployment models to support diverse customer requirements, delivering massive scalability, elasticity, security, and global interconnectedness, enabling agile development. WarpStream offers a lower-cost option for relaxed latency use cases for customers.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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