Wells Fargo has downgraded Confluent Inc (CFLT) to Equal-Weight from Overweight, effective December 7, 2025. The current share price stands at $29.84.
This downgrade underscores a growing caution regarding Confluent's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks that may affect the company's performance.
Confluent, headquartered in Mountain View, California, specializes in data infrastructure focused on data in motion. The company went public on June 24, 2021, and currently has a market capitalization of $8.3 billion. Despite its challenges, Confluent has shown resilience, with recent earnings surprises, including a Q3 2025 EPS of $0.13, exceeding estimates by 31.3%.
Looking ahead, the company is set to announce its next earnings on July 28, 2026, with an estimated EPS of $0.12 and revenue of $335.5 million.
Analyst ratings, such as this recent downgrade, offer insights based on research and financial models. However, they should be considered alongside a range of factors, including company fundamentals and industry trends. As of December 1, 2025, the analyst consensus for Confluent includes 8 Strong Buy, 20 Buy, 10 Hold, and 1 Sell ratings.
This update provides insight into the evolving sentiment surrounding Confluent Inc as it navigates a competitive technology landscape.