Shares of Confluent Inc. (NASDAQ:CFLT) traded today at $39.80, breaking its 52-week low. This new low was reached on below average trading volume as 264,000 shares traded hands, while the average 30-day volume is approximately 587,000 shares.
Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company generates revenue from the sale of subscriptions and services.
There is potential upside of 18.8% for shares of Confluent Inc. based on a current price of $40.01 and an average consensus analyst price target of $47.54.
Over the past year, Confluent Inc. has traded in a range of $39.80 to $55.12 and is now at $40.01.
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