Confluent, Inc. (CFLT) Tops Q3 EPS by 2c

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Go back to Confluent, Inc. (CFLT) Tops Q3 EPS by 2c

Wall Street analysts eye this software stock after 40% sell-off

November 3, 2023 2:24 PM EDT

After a significant sell-off following a recent earnings release, analysts at Guggenheim and Wolfe Research now see an opportunity in one software company.

Confluent, Inc. (NASDAQ: CFLT) shares fell from around $28 per share on Wednesday to as low as $14.69 on Thursday following its earnings release. The company reported better-than-expected earnings and revenue, but its guidance disappointed.

However, the plunge has prompted analysts at two firms to upgrade the stock.

At Wolfe Research,... More