Confluent (CFLT) Stock Forecast & Price Target

$31.52 +0.91 (+2.97%)

(As of 11/22/2024 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 28 Analyst Ratings

Sell
1

Hold
7

Buy
20

Based on 28 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 28 analysts, 1 has given a sell rating, 7 have given a hold rating, 19 have given a buy rating, and 1 has given a strong buy rating for CFLT.

Consensus Price Target

$30.88
-2.02% Downside

According to the 28 analysts' twelve-month price targets for Confluent, the average price target is $30.88. 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 downside of -2.02% from the current price of $31.52.

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CFLT Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	19 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	$30.88	$29.79	$30.96	$29.50
Forecasted Upside	-2.02% Downside	36.67% Upside	44.96% Upside	53.65% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-2.02% Downside	346.15% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent CFLT 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
11/15/2024	Needham & Company LLC 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$31.00 ➝ $31.00	+8.66%
10/31/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$25.00 ➝ $27.00	+3.69%
10/31/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$23.00 ➝ $26.00	-0.15%
10/31/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$26.00 ➝ $33.00	+26.73%
10/31/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$27.00 ➝ $31.00	+16.45%
10/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$29.00 ➝ $32.00	+20.21%
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10/31/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$29.00 ➝ $31.00	+9.31%
10/31/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$23.00 ➝ $28.00	+21.37%
10/29/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$24.00 ➝ $25.00	+8.32%
10/29/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$40.00 ➝ $40.00	+73.31%
10/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$25.00 ➝ $26.00	+14.74%
10/25/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$38.00 ➝ $33.00	+51.38%
9/20/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Ved Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$33.00 ➝ $28.00	+35.53%
9/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Zukin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/18/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$30.00 ➝ $30.00	+45.70%
9/4/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Power Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
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	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	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%
7/19/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$30.00 ➝ $25.00	+3.05%
6/25/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$37.00 ➝ $37.00	+34.99%
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%
11/8/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$27.00	+49.67%
11/2/2023	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 02:19 PM ET.

CFLT Forecast - Frequently Asked Questions

: According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Confluent is $30.88, with a high forecast of $40.00 and a low forecast of $25.00.
: 28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There is currently 1 sell rating, 7 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CFLT shares.
: According to analysts, Confluent's stock has a predicted downside of -2.02% based on their 12-month stock forecasts.
: Over the previous 90 days, Confluent's stock had 2 upgrades by analysts.
: Confluent has been rated by research analysts at Baird R W, Barclays, Citigroup, DA Davidson, Evercore ISI, JMP Securities, JPMorgan Chase & Co., Mizuho, Needham & Company LLC, Robert W. Baird, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, TD Cowen, UBS Group, and Wolfe Research in the past 90 days.
: 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 2.68. Learn more on how CFLT compares to other companies.

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This page (NASDAQ:CFLT) was last updated on 11/23/2024 by MarketBeat.com Staff

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Confluent (CFLT) Stock Forecast & Price Target