CFLT Price Prediction Next Week
Analysis and Insights
News Sentiment and Insider Activity:
Confluent (CFLT) has recently experienced a decline in stock price due to insider selling, including a planned sale of 465,000 shares by CEO Jay Kreps, which has negatively impacted investor sentiment. Despite this, the company projects 16% sales growth for the year and has announced a strategic partnership with Databricks, indicating long-term growth potential.
Technical Indicators:
- RSI (14-period): 37.88, indicating the stock is oversold and may be due for a rebound.
- MACD: The MACD line (-0.36) is below the signal line, suggesting bearish momentum.
- Bollinger Bands: The stock is trading near the lower band, indicating increased volatility and potential for a bounce.
Fibonacci Levels:
- Resistance Levels: $32.46 (R1), $34.23 (R2)
- Support Levels: $26.73 (S1), $24.96 (S2)
Analyst Ratings:
Analysts maintain a bullish outlook, with a consensus target price of $37.81, representing a 42% upside.
Price Prediction:
Based on the analysis, the stock is expected to test the support level of $26.73 before potentially rebounding to $29.41.
Recommendation:
Buy at the support level of $26.73, with a target price of $29.41.
CFLT Similar Chart Price Prediction
The price of CFLT is predicted to go up 4.56%, based on the high correlation periods with HFFG. The similarity of these two price pattern on the periods is 92.68%.
CFLT
HFFG
Up: 4.56%Similarity: 92.68%
CFLT Revenue Forecast
CFLT EPS Forecast
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CFLT Analyst's Forecast
Yun Kim
Loop Capital
Hold
2025-03-10
Price Target
$34 → $30
Upside
+22.95%
Loop Capital analyst Yun Kim lowered the firm's price target on Confluent to $30 from $34 and keeps a Hold rating on the shares after its Investor Day presentation. The management team clearly articulated why Confluent is one of the best positioned software companies in the current age of AI, the analyst tells investors in a research note. The firm is reducing its price target however to reflect multiple compressions in the market and its software peer group over the past month, Loop added.
Nick Altmann
Scotiabank
Hold
2025-02-12
Price Target
$27 → $35
Downside
-7.04%
Michael Turrin
Wells Fargo
Buy
2025-02-12
Price Target
$40 → $42
Upside
+11.55%
