Confluent (CFLT) Stock Forecast & Price Target

$20.50

+1.79 (+9.57%)

(As of 11/28/2023 ET)

Today's Range: $19.06
▼
$21.07
50-Day Range: $16.28
▼
$31.50
52-Week Range: $14.69
▼
$41.22

Volume: 8.87 million shs
Average Volume: 4.35 million shs
Market Capitalization: $6.31 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $29.67

Confluent Consensus Analyst Rating and Stock Price Forecast (2023)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 26 Analyst Ratings

Analysts' Consensus Price Target

$29.67
44.72% Upside

High Forecast	$42.00
Average Forecast	$29.67
Low Forecast	$21.00

Type	Current Forecast 11/29/22 to 11/29/23	1 Month Ago 10/30/22 to 10/30/23	3 Months Ago 8/31/22 to 8/31/23	1 Year Ago 11/29/21 to 11/29/22
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	19 Buy rating(s)	15 Buy rating(s)	13 Buy rating(s)	6 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$29.67	$36.68	$36.58	$35.36
Predicted Upside	44.72% Upside	29.58% Upside	31.21% Upside	17.69% Upside

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CFLT Analyst Ratings 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.

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.

Confluent Stock vs. The Competition

Type	Confluent	Business Services Companies	S&P 500
Consensus Rating Score	2.69	2.59	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	44.72% Upside	684.50% Upside	2,838.33% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/28/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$34.00	+81.72%
11/8/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$27.00	+49.67%
11/6/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$22.00	+23.94%
11/3/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$35.00 ➝ $24.00	+38.97%
11/3/2023	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Market Outperform ➝ Market Outperform	$41.00 ➝ $25.00	+53.56%
11/3/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$42.00 ➝ $27.00	+65.85%
Get the Latest News and Ratings for CFLT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Confluent and its competitors with MarketBeat's FREE daily newsletter.
11/3/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$21.00	+28.99%
11/3/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$23.00	+41.28%
11/2/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$45.00 ➝ $23.00	+41.28%
11/2/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$39.00 ➝ $26.00	+59.71%
11/2/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$26.00	+59.71%
11/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$40.00 ➝ $27.00	+65.85%
11/2/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$40.00 ➝ $30.00	+84.28%
11/2/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Underperform	$38.00 ➝ $24.00	-14.68%
9/28/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
8/2/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$36.00 ➝ $37.00	+19.28%
6/21/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$32.00 ➝ $42.00	+24.56%
6/15/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$27.00 ➝ $38.00	+12.13%
6/14/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$20.00 ➝ $31.00	-16.53%
6/14/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$28.00 ➝ $40.00	+7.70%
6/14/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$24.00 ➝ $39.00	+5.01%
6/14/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$35.00 ➝ $41.00	+10.39%
5/4/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
3/6/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	$31.00	+19.88%
2/13/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$36.00	+42.86%
1/31/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$35.00 ➝ $30.00	+30.26%
1/17/2023	FBN Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$30.00	+46.99%
1/6/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Outperform ➝ Sector Perform	$21.00	+17.15%

(Data available from 11/29/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

CFLT Price Target - Frequently Asked Questions

What is Confluent's consensus rating and price target?: According to the issued ratings of 26 analysts in the last year, the consensus rating for Confluent stock is Moderate Buy based on the current 1 sell rating, 6 hold ratings and 19 buy ratings for CFLT. The average twelve-month price prediction for Confluent is $29.67 with a high price target of $42.00 and a low price target of $21.00. Learn more on CFLT's analyst rating history.
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 2.69 while the average consensus rating score for business services companies is 2.59. Learn more on how CFLT compares to other companies.
Is Confluent being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Confluent's stock had 3 upgrades and 2 downgrades by analysts.

Does Confluent's stock price have much upside?: According to analysts, Confluent's stock has a predicted upside of 35.95% based on their 12-month stock forecasts.
What analysts cover Confluent?: Confluent has been rated by Bank of America, Barclays, Canaccord Genuity Group, Canaccord Genuity Group, Capital One Financial, Guggenheim, JMP Securities, Morgan Stanley, Needham & Company LLC, Piper Sandler, Royal Bank of Canada, Sanford C. Bernstein, The Goldman Sachs Group, Truist Financial, William Blair, and Wolfe Research in the past 90 days.

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This page (NASDAQ:CFLT) was last updated on 11/29/2023 by MarketBeat.com Staff

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