Confluent (CFLT) Stock Today: IBM’s $11 Billion Takeover, Analyst Downgrades and Fresh Price Targets – December 10, 2025
Confluent shares traded near $30 on Wednesday, just below IBM’s $31 per-share cash offer announced December 8. The stock is up 26% in the past week after IBM agreed to acquire the company for about $11 billion. Major shareholders representing 62% of voting power back the deal. Closing is expected by mid-2026, pending approvals.