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NVDA   397.70 (+5.12%)
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BABA   82.99 (+4.32%)
AMD   119.47 (+1.07%)
T   15.82 (+0.51%)
F   12.11 (+0.92%)
MU   69.09 (+1.30%)
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NASDAQ:CFLT

Confluent (CFLT) Price Target & Analyst Ratings

$32.41
+0.67 (+2.11%)
(As of 06/1/2023 ET)
Compare
Today's Range
$30.89
$32.56
50-Day Range
$19.96
$32.41
52-Week Range
$16.60
$34.39
Volume
3.89 million shs
Average Volume
3.81 million shs
Market Capitalization
$9.60 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.80

Confluent Consensus Rating and Price Target (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.

Consensus Analyst Rating

Moderate Buy
Based on 18 Analyst Ratings

Consensus Analyst Price Target

$29.80
-8.05% Downside
High Prediction$39.00
Average Prediction$29.80
Low Prediction$21.00
TypeCurrent
6/1/22 to 6/1/23
1 Month Ago
5/2/22 to 5/2/23
3 Months Ago
3/3/22 to 3/3/23
1 Year Ago
6/1/21 to 6/1/22
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
14 Buy rating(s)
13 Buy rating(s)
11 Buy rating(s)
8 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$29.80$29.89$32.00$59.76
Predicted Upside-8.05% Downside33.85% Upside38.62% Upside18.13% 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.
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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
2.78
2.56
2.49
Consensus RatingModerate BuyBuyHold
Predicted Upside-8.05% Downside254.35% Upside202.93% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News

Historical Target Prices and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/30/2023Needham & Company LLC
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 Initiated CoverageBuy$35.00+21.91%
5/5/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$29.00 ➝ $27.00+18.63%
5/4/2023VNET Group
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 Reiterated RatingMaintains
5/4/2023JMP Securities
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 Lower Target$33.00 ➝ $31.00+55.31%
5/4/2023Barclays
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 Lower Target$29.00 ➝ $26.00+30.26%
4/12/2023Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$29.00 ➝ $30.00+28.37%
3/28/2023Mizuho
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 Initiated CoverageBuy$28.00+33.52%
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%
2/1/2023Citigroup
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 Lower TargetNeutral$27.00 ➝ $25.00+8.70%
1/31/2023Cowen
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 Lower TargetOutperform$35.00 ➝ $30.00+30.26%
1/27/2023UBS Group
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 DowngradeBuy ➝ Neutral$27.00 ➝ $24.00+7.82%
1/26/2023Guggenheim
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 Initiated CoverageBuy$29.00+30.28%
1/17/2023FBN Securities
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 Initiated CoverageOutperform$30.00+46.99%
1/9/2023Truist Financial
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 Lower Target$35.00 ➝ $30.00+64.93%
1/6/2023Wells Fargo & Company
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 Lower TargetOverweight$40.00 ➝ $36.00+100.84%
1/6/2023Scotiabank
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 DowngradeSector Outperform ➝ Sector Perform$21.00+17.15%
1/5/2023Piper Sandler
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 Lower TargetOverweight$32.00 ➝ $30.00+46.34%
11/3/2022JPMorgan Chase & Co.
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 Lower TargetNeutral$30.00 ➝ $25.00+8.41%
11/3/2022DA Davidson
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 Lower Target$44.00 ➝ $33.00+47.32%
8/9/2022Cowen
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 Boost Target$39.00+29.96%
(Data available from 6/1/2018 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 18 analysts in the last year, the consensus rating for Confluent stock is Moderate Buy based on the current 4 hold ratings and 14 buy ratings for CFLT. The average twelve-month price prediction for Confluent is $29.80 with a high price target of $39.00 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 for Confluent is Moderate Buy while the average consensus rating for business services companies is Buy. Learn more on how CFLT compares to other companies.

Is Confluent being upgraded by Wall Street analysts?

Over the previous 90 days, Confluent's stock had 1 upgrade by analysts.

Does Confluent's stock price have much upside?

According to analysts, Confluent's stock has a predicted upside of 32.59% based on their 12-month price targets.

What analysts cover Confluent?

Stock Ratings Reports and Tools

This page (NASDAQ:CFLT) was last updated on 6/1/2023 by MarketBeat.com Staff

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