Confluent (CFLT) Stock Forecast & Price Target

$19.60

-0.67 (-3.31%)

(As of 09/6/2024 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

Moderate Buy
Based on 31 Analyst Ratings

Based on 31 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 31 analysts, 1 has given a sell rating, 7 have given a hold rating, and 23 have given a buy rating for CFLT.

Consensus Price Target

$30.69
56.58% Upside

High Forecast	$40.00
Average Forecast	$30.69
Low Forecast	$21.00

According to the 31 analysts' twelve-month price targets for Confluent, the average price target is $30.69. The highest price target for CFLT is $40.00, while the lowest price target for CFLT is $21.00. The average price target represents a forecasted upside of 56.58% from the current price of $19.60.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
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	23 Buy rating(s)	22 Buy rating(s)	20 Buy rating(s)	15 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	6 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	$30.69	$31.04	$33.04	$36.90
Forecasted Upside	56.58% Upside	29.29% Upside	22.11% Upside	29.95% 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.

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	2.71	2.66	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	56.58% Upside	255.14% Upside	11.36% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/4/2024	Baird R W 0 of 5 stars	W. Power Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
9/4/2024	Robert W. Baird 2 of 5 stars		Initiated Coverage	Neutral	$23.00	+12.91%
8/9/2024	JPMorgan Chase & Co. 3 of 5 stars		Upgrade	Neutral ➝ Overweight	$25.00	+25.50%
8/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$34.00 ➝ $31.00	+48.82%
8/1/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$35.00 ➝ $30.00	+41.98%
8/1/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$28.00 ➝ $25.00	+18.32%
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.
8/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$37.00 ➝ $32.00	+47.74%
8/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$35.00 ➝ $30.00	+35.56%
8/1/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$37.00 ➝ $30.00	+36.36%
8/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$38.00 ➝ $34.00	+53.15%
8/1/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$40.00 ➝ $32.00	+44.14%
8/1/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$35.00 ➝ $34.00	+54.55%
8/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$36.00 ➝ $30.00	+36.36%
8/1/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$32.00 ➝ $26.00	+3.92%
7/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$32.00 ➝ $28.00	+15.51%
7/30/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$38.00 ➝ $38.00	+54.60%
7/19/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$30.00 ➝ $25.00	+3.05%
7/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$36.00 ➝ $34.00	+28.01%
6/25/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$37.00 ➝ $37.00	+34.99%
6/11/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Ved Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$35.00	+34.25%
5/17/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$37.00	+17.35%
5/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$27.00 ➝ $30.00	-4.40%
5/8/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$38.00 ➝ $40.00	+32.01%
5/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$33.00 ➝ $34.00	+12.21%
2/5/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$21.00 ➝ $26.00	+10.73%
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%
11/3/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$21.00	+28.99%
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%
9/28/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:14 PM ET.

CFLT Forecast - Frequently Asked Questions

What is Confluent's forecast for 2024?: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Confluent is $30.69, with a high forecast of $40.00 and a low forecast of $21.00.
Should I buy or sell Confluent stock right now?: 31 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 and 23 buy ratings for the stock. The consensus among Wall Street equities research 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 30.91% 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.
What analysts cover Confluent?: Confluent has been rated by research analysts at Baird R W, Bank of America, Canaccord Genuity Group, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, Guggenheim, JPMorgan Chase & Co., Loop Capital, Mizuho, Needham & Company LLC, Piper Sandler, Robert W. Baird, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, TD Cowen, Truist Financial, and Wells Fargo & Company in the past 90 days.
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 2.66. Learn more on how CFLT compares to other companies.