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Confluent (CFLT) Stock Forecast & Price Target

$26.14
+1.10 (+4.39%)
(As of 07/12/2024 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

Consensus Price Target

$32.93
25.96% Upside
High Forecast$40.00
Average Forecast$32.93
Low Forecast$21.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
21 Buy rating(s)
21 Buy rating(s)
16 Buy rating(s)
13 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$32.93$33.11$30.72$35.60
Forecasted Upside25.96% Upside22.82% Upside18.80% Upside33.01% Upside
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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
2.71
2.64
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside25.96% Upside141.53% Upside9.38% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/25/2024Guggenheim
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 Reiterated RatingBuy ➝ Buy$37.00 ➝ $37.00+34.99%
6/11/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$38.00 ➝ $38.00+45.76%
6/11/2024Evercore ISI
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C. Ved
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Initiated CoverageOutperform$35.00+34.25%
6/4/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$40.00 ➝ $40.00+54.38%
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%
5/8/2024JMP Securities
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 Boost TargetMarket Outperform ➝ Market Outperform$38.00 ➝ $40.00+32.01%
5/8/2024Barclays
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 Boost TargetOverweight ➝ Overweight$33.00 ➝ $34.00+12.21%
5/8/2024TD Cowen
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 Boost TargetBuy ➝ Buy$34.00 ➝ $37.00+22.60%
5/8/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$36.00 ➝ $38.00+27.47%
5/8/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$33.00 ➝ $36.00+29.36%
5/8/2024Canaccord Genuity Group
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 UpgradeHold ➝ Buy$28.00 ➝ $35.00+25.76%
4/15/2024Mizuho
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 Lower TargetBuy ➝ Buy$38.00 ➝ $36.00+26.05%
4/1/2024DA Davidson
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 Reiterated RatingBuy ➝ Buy$37.00+20.13%
2/21/2024Stifel Nicolaus
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 Initiated CoverageBuy$40.00+22.25%
2/8/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$23.00 ➝ $27.00-17.13%
2/8/2024Scotiabank
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 Boost TargetSector Perform ➝ Sector Perform$22.00 ➝ $28.00-13.85%
2/5/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$21.00 ➝ $26.00+10.73%
1/30/2024Loop Capital
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 Initiated CoverageHold$23.00-3.08%
11/28/2023Sanford C. Bernstein
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 Initiated CoverageOutperform$34.00+81.72%
11/8/2023Capital One Financial
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 UpgradeEqual Weight ➝ Overweight$27.00+49.67%
11/3/2023Wolfe Research
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 UpgradePeer Perform ➝ Outperform$21.00+28.99%
11/2/2023Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$40.00 ➝ $27.00+65.85%
11/2/2023Piper Sandler
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 Lower TargetOverweight ➝ Overweight$40.00 ➝ $30.00+84.28%
11/2/2023Bank of America
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 DowngradeNeutral ➝ Underperform$38.00 ➝ $24.00-14.68%
9/28/2023William Blair
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 Reiterated RatingOutperform
8/2/2023Citigroup
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 Boost TargetNeutral ➝ Neutral$36.00 ➝ $37.00+19.28%
6/15/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$27.00 ➝ $38.00+12.13%
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%
8/9/2022Cowen
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 Boost Target$39.00+29.96%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:02 AM ET.

CFLT Forecast - Frequently Asked Questions

What is Confluent's forecast for 2024?

According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Confluent is $32.93, with a high forecast of $40.00 and a low forecast of $21.00.

Should I buy or sell Confluent stock right now?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CFLT shares.

Does Confluent's stock price have much upside?

According to analysts, Confluent's stock has a predicted upside of 23.21% based on their 12-month stock forecasts.

Has Confluent been upgraded by Wall Street analysts recently?

Over the previous 90 days, Confluent's stock had 2 upgrades by analysts.

Do Wall Street analysts like Confluent more than its competitors?

Analysts like Confluent more than other "business services" companies. The consensus rating score for Confluent is 2.71 while the average consensus rating score for "business services" companies is 2.64. Learn more on how CFLT compares to other companies.


This page (NASDAQ:CFLT) was last updated on 7/13/2024 by MarketBeat.com Staff

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