Fluent, Inc.

NasdaqCM:FLNT Stock Report

Market Cap: US$96.1m

Fluent Future Growth

Future criteria checks 0/6

Fluent is forecast to grow earnings and revenue by 23.3% and 8.1% per annum respectively while EPS is expected to grow by 25.8% per annum.

Key information

23.3%

Earnings growth rate

25.84%

EPS growth rate

Media earnings growth18.4%
Revenue growth rate8.1%
Future return on equityn/a
Analyst coverage

Low

Last updated20 Aug 2026

Recent future growth updates

Recent updates

Narrative Update • Aug 26

FLNT: Creator Network Momentum Will Support Bullish 2026 Reassessment

Fluent's analyst price target rises from $4.25 to $5.00 as analysts factor in the company's recent return to revenue growth, margin expansion, and higher out year estimates cited in recent research updates. Analyst Commentary Recent research on Fluent highlights a mix of optimism and caution as analysts respond to the company’s return to revenue growth, margin expansion, and updated forecasts.
Narrative Update • Aug 12

FLNT: Q2 Execution And Creator Agency Expansion Will Test Fair Value

Analysts have lifted their Fluent price target to $5.50 from $5.00, citing recent solid Q2 results, a return to reported revenue growth, stronger than expected adjusted EBITDA, and increased estimates for 2026 and 2027 as key supports for the higher fair value assumptions in this update. Analyst Commentary Recent research updates on Fluent point to a mix of optimism around execution and a more cautious stance on valuation and future growth.
Narrative Update • Jun 12

FLNT: Creator Network Expansion Will Drive Bullish 2026 Reassessment

Narrative update on Fluent Analysts have kept their price target for Fluent steady at $4.25, with the stance supported by recent research that highlights a generally positive view on the stock. What's in the News Fluent launched Trevant, a creator marketing agency that builds creator first content and runs fully managed programs, paid amplification, and advanced measurement as an evolution of its AdParlor business.
Narrative Update • May 29

FLNT: CMS Momentum And New Partnerships Will Drive 2026 Reassessment

Analysts have lifted their price target on Fluent to $4.25 from $3.50, citing a reassessment of fair value alongside updated views on discount rate, revenue growth, profit margins, and future P/E assumptions following recent mixed results and new bullish coverage. Analyst Commentary Recent research reflects a mixed but engaged view on Fluent, with bullish analysts focusing on specific growth drivers and cautious analysts highlighting execution risks and valuation questions.
New Narrative • May 12

Commerce Media Fragility And Compliance Pressures Will Test Margins Yet Support Long Term Potential

Catalysts About Fluent Fluent operates a commerce media platform that connects retailers and advertisers to consumers at key moments in the shopping journey. What are the underlying business or industry changes driving this perspective?
New Narrative • Apr 26

Commerce Media Shift And First Party Data Will Transform Long Term Earnings Potential

Catalysts About Fluent Fluent operates a performance based commerce media platform that connects brands, retailers and advertisers with transacting consumers across owned marketplaces and partner environments. What are the underlying business or industry changes driving this perspective?
Narrative Update • Apr 20

FLNT: Fair Value Now Hinges On 2026 Recovery And CMS Expansion

Analysts lifted Fluent's price target to $3.50 from $2.50, citing the doubling of CMS revenue and expectations for growth to resume in 2026 as key supports for the higher valuation range. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher US$3.50 price target as a sign that the doubled CMS revenue is now a more meaningful part of the valuation story.
Narrative Update • Apr 06

FLNT: Fair Value Relies On 2026 Recovery And Expanding Post Booking Monetization

Analysts have lifted Fluent's price target to $3.50 from $2.50, citing mixed Q4 results with modestly lower revenue and adjusted EBITDA, alongside a doubling of CMS revenue and expectations for growth to return in 2026. Analyst Commentary Bullish Takeaways Bullish analysts view the higher US$3.50 price target as a reset that better reflects the current mix of results and the potential value of Fluent's business once growth resumes.
Narrative Update • Mar 22

FLNT: Ongoing ATM Issuance And Delayed 2026 Recovery Will Pressure Returns

Analysts have raised Fluent's price target to $3.50 from $2.50, citing mixed Q4 results with modestly lower revenue and adjusted EBITDA, a doubling of CMS revenue, and expectations for growth to return in 2026. Analyst Commentary Bullish Takeaways Bullish analysts view the higher US$3.50 price target as a reflection of improved confidence in execution, even with Q4 results that were modestly below consensus.
Narrative Update • Mar 07

FLNT: Ongoing ATM Equity Issuance Will Continue To Pressure Future Shareholder Returns

Analysts have reduced their price target on Fluent to $2.50, reflecting slightly higher assumed discount rates, a modest adjustment to profit margin expectations, and a small increase in the projected future P/E multiple. What's in the News Fluent, Inc.
Narrative Update • Feb 21

FLNT: Ongoing ATM Equity Issuance Will Continue To Pressure Future Shareholder Returns

Analysts have nudged their price target on Fluent slightly higher to reflect a modestly adjusted discount rate, a small change in expected profit margin, and a marginally richer assumed future P/E, while keeping fair value per share at $2.50. What's in the News Fluent filed a follow-on equity offering for up to US$11.2 million of common stock.
Narrative Update • Feb 05

FLNT: Ongoing ATM Equity Offering Will Sustain Pressure On Shareholder Returns

Analysts have adjusted their price target on Fluent to $2.50 from a prior $2.50, reflecting updated views on slightly lower required returns and modestly stronger profit margin expectations. What's in the News Fluent, Inc.
Narrative Update • Jan 21

FLNT: ATM Equity Offering Will Pressure Profitability And Support Bearish Outlook

Analysts have revised their price target for Fluent to $2.50, citing slightly higher discount rate assumptions and a modest adjustment to expected profitability, while keeping fair value broadly in line with prior estimates. What's in the News Fluent, Inc.
Narrative Update • Jan 06

FLNT: Stable Outlook Will Reflect ATM Offering And Margin Assumptions

Analysts have lowered their price target on Fluent to US$4.18 from US$4.36, citing slightly lower discount rate assumptions and marginally higher projected profit margins that together adjust their P/E expectations. What's in the News Fluent filed a follow-on equity offering totaling US$11.2 million in common stock, structured as an at-the-market offering (Key Developments).
Analysis Article • Dec 23

Further Upside For Fluent, Inc. (NASDAQ:FLNT) Shares Could Introduce Price Risks After 30% Bounce

Fluent, Inc. ( NASDAQ:FLNT ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...
Narrative Update • Dec 14

FLNT: Future Upside Is Expected From Stable Fair Value Outlook

Analysts have modestly lowered their price target on Fluent, trimming fair value by a small amount to reflect a slightly lower discount rate and marginally softer long term margin and valuation assumptions. Valuation Changes Fair Value: Unchanged at $2.50 per share, indicating no adjustment to the central valuation estimate.
Narrative Update • Nov 30

FLNT: Future Performance Will Be Supported By Projected Fair Value Stability

Analysts have raised their price target for Fluent from $2.50 to $2.50 per share. They cite expectations for stronger revenue growth and modest adjustments to the company's discount rate and profit margin forecasts.
Analysis Article • Nov 26

We Think Fluent (NASDAQ:FLNT) Has A Fair Chunk Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Narrative Update • Nov 16

FLNT: Upcoming Capital Raise Will Drive Future Shareholder Value

Narrative Update on Fluent Price Target Analysts have revised Fluent's fair value estimate downward from $3.00 to $2.50 per share. This change is attributed to adjustments in discount rates as well as updated projections for revenue growth and profit margins.
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New Narrative • Apr 10

Commerce Media Solutions Will Open New Market Opportunities

Fluent's focus on high-margin Commerce Media Solutions and major partnerships is expected to significantly boost revenue and market share.
Analysis Article • Jun 24

Fluent (NASDAQ:FLNT) Is Doing The Right Things To Multiply Its Share Price

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Mar 14

We Think Fluent (NASDAQ:FLNT) Can Manage Its Debt With Ease

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jun 08

These 4 Measures Indicate That Fluent (NASDAQ:FLNT) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Mar 10

Analysts Have Been Trimming Their Fluent, Inc. (NASDAQ:FLNT) Price Target After Its Latest Report

Fluent, Inc. ( NASDAQ:FLNT ) just released its latest yearly results and things are looking bullish. Results overall...
Analysis Article • Feb 24

We Think Fluent (NASDAQ:FLNT) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Nov 04

Is Fluent (NASDAQ:FLNT) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • May 27

Here's Why Fluent, Inc.'s (NASDAQ:FLNT) CEO Might See A Pay Rise Soon

Shareholders will be pleased by the robust performance of Fluent, Inc. ( NASDAQ:FLNT ) recently and this will be kept...
Analysis Article • Apr 10

Estimating The Fair Value Of Fluent, Inc. (NASDAQ:FLNT)

Today we will run through one way of estimating the intrinsic value of Fluent, Inc. ( NASDAQ:FLNT ) by taking the...

Earnings and Revenue Growth Forecasts

NasdaqCM:FLNT - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028263-8N/AN/A2
12/31/2027244-9N/AN/A3
12/31/2026213-17N/AN/A3
6/30/2026202-23-11-4N/A
3/31/2026198-24-52N/A
12/31/2025209-27-8-1N/A
9/30/2025212-26-13-6N/A
6/30/2025230-27-42N/A
3/31/2025244-31-18-12N/A
12/31/2024255-29-20-14N/A
9/30/2024262-28-20-14N/A
6/30/2024264-53-14-7N/A
3/31/2024287-38-33N/A
12/31/2023298-6328N/A
9/30/2023310-129-15N/A
6/30/2023333-9216N/A
3/31/2023349-15349N/A
12/31/2022361-123-22N/A
9/30/2022376-522226N/A
6/30/2022373-58811N/A
3/31/2022348-626N/A
12/31/2021329-10912N/A
9/30/2021311-14-31N/A
6/30/2021304-10710N/A
3/31/2021302-42226N/A
12/31/202031121720N/A
9/30/202030931012N/A
6/30/2020295-32023N/A
3/31/2020294-2N/A21N/A
12/31/2019282-2N/A26N/A
9/30/2019272-1N/A33N/A
6/30/20192748N/A32N/A
3/31/201926110N/A32N/A
12/31/20182503N/A23N/A
9/30/2018236-1N/A22N/A
6/30/2018224-17N/A4N/A
3/31/2018218-27N/A-3N/A
12/31/2017212-32N/A3N/A
9/30/2017209-34N/A-5N/A
6/30/2017207-33N/A4N/A
3/31/2017197-32N/A4N/A
12/31/2016187-29N/A2N/A
9/30/2016143-56N/A1N/A
6/30/201692-51N/A-5N/A
3/31/201652-48N/A-8N/A
12/31/201514-43N/A-11N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLNT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FLNT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FLNT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FLNT's revenue (8.1% per year) is forecast to grow slower than the US market (13.5% per year).

High Growth Revenue: FLNT's revenue (8.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FLNT's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 06:53
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fluent, Inc. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick ShollBarrington Research Associates, Inc.
Maria RippsCanaccord Genuity
Eric MartinuzziLake Street Capital Markets, LLC