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Confluent

CFLTNASDAQ
Logo brought to you by Benzinga Data
$20.36
-0.3-1.45%
At Close: -
$20.36
00.00%
After Hours: 4:04 PM EDT
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$40.00
Lowest Price Target1
$21.00
Consensus Price Target1
$29.87

Confluent (NASDAQ:CFLT) Stock, Analyst Ratings, Price Targets, Forecasts

Confluent Inc has a consensus price target of $29.87 based on the ratings of 30 analysts. The high is $40 issued by JMP Securities on May 8, 2024. The low is $21 issued by Wolfe Research on November 3, 2023. The 3 most-recent analyst ratings were released by TD Cowen, Evercore ISI Group, and DA Davidson on September 20, 2024, September 20, 2024, and September 18, 2024, respectively. With an average price target of $28.33 between TD Cowen, Evercore ISI Group, and DA Davidson, there's an implied 39.16% upside for Confluent Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
4
1
May
2
Jun
1
1
Jul
5
1
Aug
1
1
Sep
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.9
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

TD Cowen
Evercore ISI Group
DA Davidson
Baird
JP Morgan

1calculated from analyst ratings

Analyst Ratings for Confluent

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FAQ

Q

What is the target price for Confluent (CFLT) stock?

A

The latest price target for Confluent (NASDAQ:CFLT) was reported by TD Cowen on September 20, 2024. The analyst firm set a price target for $27.00 expecting CFLT to rise to within 12 months (a possible 32.61% upside). 74 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Confluent (CFLT)?

A

The latest analyst rating for Confluent (NASDAQ:CFLT) was provided by TD Cowen, and Confluent maintained their buy rating.

Q

When was the last upgrade for Confluent (CFLT)?

A

The last upgrade for Confluent Inc happened on August 9, 2024 when JP Morgan raised their price target to $25. JP Morgan previously had a neutral for Confluent Inc.

Q

When was the last downgrade for Confluent (CFLT)?

A

The last downgrade for Confluent Inc happened on November 3, 2023 when Canaccord Genuity changed their price target from N/A to $26 for Confluent Inc.

Q

When is the next analyst rating going to be posted or updated for Confluent (CFLT)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Confluent, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Confluent was filed on September 20, 2024 so you should expect the next rating to be made available sometime around September 20, 2025.

Q

Is the Analyst Rating Confluent (CFLT) correct?

A

While ratings are subjective and will change, the latest Confluent (CFLT) rating was a maintained with a price target of $31.00 to $27.00. The current price Confluent (CFLT) is trading at is $20.36, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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