IBM is close to finalizing an approximately $11 billion agreement to acquire Confluent, according to WSJ.
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: 1 day ago0mins
IBM's Acquisition Talks: IBM is reportedly in advanced discussions to acquire data infrastructure company Confluent for approximately $11 billion.
Source of Information: The information comes from a report by the Wall Street Journal, citing sources familiar with the negotiations.
Verification Status: Reuters has not been able to independently verify the details of the acquisition talks.
Reporting Details: The report was authored by Preetika Parashuraman in Bengaluru and edited by Sonia Cheema.
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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: 29.870
Low
24.00
Averages
27.68
High
31.00
Current: 29.870
Low
24.00
Averages
27.68
High
31.00
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).
Evercore ISI
Outperform -> In Line
downgrade
$28 -> $31
2025-12-08
New
Reason
Evercore ISI
Price Target
$28 -> $31
2025-12-08
New
downgrade
Outperform -> In Line
Reason
Evercore ISI downgraded Confluent (CFLT) to In Line from Outperform with a price target of $31, up from $28, after IBM (IBM) announced its intent to acquire all issued and outstanding common shares of Confluent at $31 per share. In the firm's view, IBM was "always the most logical buyer" for Confluent when considering the size of the deal, IBM's experience with acquiring and scaling open-source and source-available technologies, and the companies' relative positioning in hybrid cloud, real-time data streaming, and enterprise AI infrastructure, the analyst tells investors.
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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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