Pre-earnings options volume in Confluent (CFLT) is 6.1x normal with puts leading calls 5:4. Implied volatility suggests the market is anticipating a move near 15.1%, or $3.54, after results are released. Median move over the past eight quarters is 16.2%.
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Read More on CFLT:
- Confluent price target raised to $25 from $24 at Citi
- Confluent price target lowered to $33 from $38 at Bernstein
- Confluent price target lowered to $29 from $31 at Mizuho
- Confluent price target lowered to $28 from $33 at Evercore ISI
- DA Davidson positive on long-term Confluent prospects based on customer feedback