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Confluent (CFLT) Stock Forecast & Price Target

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$27.13 +0.70 (+2.65%)
(As of 11/6/2024 ET)

Confluent - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
7
Buy
21

Based on 29 Wall Street analysts who have issued ratings for Confluent in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 29 analysts, 1 has given a sell rating, 7 have given a hold rating, 20 have given a buy rating, and 1 has given a strong buy rating for CFLT.

Consensus Price Target

$30.74
13.31% Upside
According to the 29 analysts' twelve-month price targets for Confluent, the average price target is $30.74. The highest price target for CFLT is $40.00, while the lowest price target for CFLT is $25.00. The average price target represents a forecasted upside of 13.31% from the current price of $27.13.
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CFLT Analyst Ratings Over Time

TypeCurrent Forecast
11/8/23 to 11/7/24
1 Month Ago
10/9/23 to 10/8/24
3 Months Ago
8/10/23 to 8/9/24
1 Year Ago
11/8/22 to 11/8/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
20 Buy rating(s)
21 Buy rating(s)
23 Buy rating(s)
18 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$30.74$29.97$30.96$29.50
Forecasted Upside13.31% Upside50.66% Upside52.38% Upside65.73% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

CFLT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CFLT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Confluent Stock vs. The Competition

TypeConfluentBusiness Services CompaniesS&P 500
Consensus Rating Score
2.72
2.67
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside13.31% Upside337.29% Upside7.32% Upside
News Sentiment Rating
Positive News

See Recent CFLT News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/31/2024Scotiabank
5 of 5 stars
 Boost TargetSector Perform ➝ Sector Perform$25.00 ➝ $27.00+3.69%
10/31/2024UBS Group
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$23.00 ➝ $26.00-0.15%
10/31/2024Royal Bank of Canada
4 of 5 stars
 Boost TargetOutperform ➝ Outperform$26.00 ➝ $33.00+26.73%
10/31/2024TD Cowen
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 Boost TargetBuy ➝ Buy$27.00 ➝ $31.00+16.45%
10/31/2024Barclays
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 Boost TargetOverweight ➝ Overweight$29.00 ➝ $32.00+20.21%
10/31/2024Mizuho
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 Boost TargetOutperform ➝ Outperform$29.00 ➝ $31.00+9.31%
10/31/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$28.00 ➝ $31.00+14.35%
10/31/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$23.00 ➝ $28.00+21.37%
10/29/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$24.00 ➝ $25.00+8.32%
10/29/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$40.00 ➝ $40.00+73.31%
10/25/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$25.00 ➝ $26.00+14.74%
10/25/2024Sanford C. Bernstein
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 Lower TargetOutperform ➝ Outperform$38.00 ➝ $33.00+51.38%
9/20/2024Evercore ISI
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C. Ved
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Lower TargetOutperform ➝ Outperform$33.00 ➝ $28.00+35.53%
9/18/2024Wolfe Research
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A. Zukin
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UpgradeStrong-Buy
9/18/2024DA Davidson
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 Reiterated RatingBuy ➝ Buy$30.00 ➝ $30.00+45.70%
9/4/2024Baird R W
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W. Power
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UpgradeHold
8/1/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$35.00 ➝ $30.00+41.98%
8/1/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$37.00 ➝ $32.00+47.74%
8/1/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$38.00 ➝ $34.00+53.15%
8/1/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$40.00 ➝ $32.00+44.14%
8/1/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$35.00 ➝ $34.00+54.55%
8/1/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$36.00 ➝ $30.00+36.36%
8/1/2024Bank of America
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 Lower TargetUnderperform ➝ Underperform$32.00 ➝ $26.00+3.92%
7/19/2024Loop Capital
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 Lower TargetHold ➝ Hold$30.00 ➝ $25.00+3.05%
6/25/2024Guggenheim
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 Reiterated RatingBuy ➝ Buy$37.00 ➝ $37.00+34.99%
5/17/2024Oppenheimer
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 Initiated CoverageOutperform$37.00+17.35%
5/9/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$27.00 ➝ $30.00-4.40%
11/8/2023Capital One Financial
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 UpgradeEqual Weight ➝ Overweight$27.00+49.67%
11/2/2023Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$40.00 ➝ $27.00+65.85%
9/28/2023William Blair
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 Reiterated RatingOutperform
5/4/2023VNET Group
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 Reiterated RatingMaintains
3/6/2023Credit Suisse Group
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 Reiterated RatingOutperform$31.00+19.88%
2/13/2023Moffett Nathanson
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 Initiated CoverageOutperform$36.00+42.86%
1/31/2023Cowen
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 Lower TargetOutperform$35.00 ➝ $30.00+30.26%
1/17/2023FBN Securities
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 Initiated CoverageOutperform$30.00+46.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:08 AM ET.


CFLT Forecast - Frequently Asked Questions

According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for Confluent is $30.74, with a high forecast of $40.00 and a low forecast of $25.00.

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There is currently 1 sell rating, 7 hold ratings, 20 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CFLT shares.

According to analysts, Confluent's stock has a predicted upside of 13.31% based on their 12-month stock forecasts.

Over the previous 90 days, Confluent's stock had 3 upgrades by analysts.

Analysts like Confluent more than other "business services" companies. The consensus rating score for Confluent is 2.72 while the average consensus rating score for "business services" companies is 2.67. Learn more on how CFLT compares to other companies.


This page (NASDAQ:CFLT) was last updated on 11/7/2024 by MarketBeat.com Staff
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