Confluent's Valuation: Is the Recent Share Price Justified?

Confluent's share price around $30.57 has shown a 1.3% return over the last 7 days, 1.7% over the past month, and 9.9% over the last year. Its valuation score is 0 out of 6 on Simply Wall St's 6-point checklist. A Discounted Cash Flow model estimates the company's intrinsic value at $25.58, suggesting it trades at a 19.5% premium and is considered overvalued.