Confluent
(NASDAQ:CFLT)
$32.20
0.67[2.12%]
At close: May 17
$32.20
0[0.00%]
After Hours: 7:29PM EDT
Consensus Rating1
Buy
Highest Price Target1
$55.00
Lowest Price Target1
$21.00
Consensus Price Target1
$33.43

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

Confluent Inc has a consensus price target of $33.43, established from looking at the 100 latest analyst ratings. The last 3 analyst ratings were released from Oppenheimer, Goldman Sachs, and RBC Capital on May 17, 2024, May 9, 2024, and May 8, 2024. With an average price target of $35.67 between Oppenheimer, Goldman Sachs, and RBC Capital, there's an implied 10.77% upside for Confluent Inc from these 3 analyst ratings.

Analyst Trend
9
3
Feb
1
Mar
2
Apr
9
1
May
Buy
Hold
Sell
Strong Sell
Analyst Rating
12345
3.9
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Oppenheimer
Goldman Sachs
RBC Capital
Barclays
JMP Securities

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Confluent

Buy NowGet Alert
05/17/2024Buy Now14.91%Oppenheimer
Ittai Kidron
→ $37Initiates → OutperformGet Alert
05/09/2024Buy Now-6.83%Goldman Sachs
Kash Rangan
$27 → $30MaintainsNeutralGet Alert
05/08/2024Buy Now24.22%RBC Capital
Matthew Hedberg
$37 → $40MaintainsOutperformGet Alert
05/08/2024Buy Now5.59%Barclays
Raimo Lenschow
$33 → $34MaintainsOverweightGet Alert
05/08/2024Buy Now24.22%JMP Securities
Patrick Walravens
$38 → $40MaintainsMarket OutperformGet Alert
05/08/2024Buy Now14.91%Guggenheim
Howard Ma
$35 → $37MaintainsBuyGet Alert
05/08/2024Buy Now14.91%TD Cowen
Derrick Wood
$34 → $37MaintainsBuyGet Alert
05/08/2024Buy Now18.01%Wells Fargo
Michael Turrin
$36 → $38MaintainsOverweightGet Alert
05/08/2024Buy Now11.8%Truist Securities
Joel Fishbein
$33 → $36ReiteratesBuy → BuyGet Alert
05/08/2024Buy Now8.7%Canaccord Genuity
Kingsley Crane
$28 → $35UpgradeHold → BuyGet Alert
05/08/2024Buy Now18.01%Needham
Mike Cikos
→ $38ReiteratesBuy → BuyGet Alert
04/15/2024Buy Now11.8%Mizuho
Gregg Moskowitz
$38 → $36MaintainsBuyGet Alert
04/01/2024Buy Now14.91%DA Davidson
Rudy Kessinger
$37 → $37MaintainsBuyGet Alert
03/22/2024Buy Now18.01%Needham
Mike Cikos
$35 → $38MaintainsBuyGet Alert
02/21/2024Buy Now24.22%Stifel
Brad Reback
→ $40Initiates → BuyGet Alert
02/16/2024Buy Now18.01%Mizuho
Gregg Moskowitz
$34 → $38MaintainsBuyGet Alert
02/14/2024Buy Now14.91%RBC Capital
Matthew Hedberg
$35 → $37MaintainsOutperformGet Alert
02/08/2024Buy Now-16.15%JP Morgan
Pinjalim Bora
$23 → $27MaintainsNeutralGet Alert
02/08/2024Buy Now-13.04%Scotiabank
Nick Altmann
$22 → $28MaintainsSector PerformGet Alert
02/08/2024Buy Now2.48%Barclays
Raimo Lenschow
$26 → $33MaintainsOverweightGet Alert
02/08/2024Buy Now18.01%JMP Securities
Patrick Walravens
$25 → $38MaintainsMarket OutperformGet Alert
02/08/2024Buy Now-16.15%Goldman Sachs
Kash Rangan
$24 → $27MaintainsNeutralGet Alert
02/08/2024Buy Now5.59%Mizuho
Gregg Moskowitz
$29 → $34MaintainsBuyGet Alert
02/08/2024Buy Now8.7%RBC Capital
Matthew Hedberg
$30 → $35MaintainsOutperformGet Alert
02/08/2024Buy Now11.8%Wells Fargo
Michael Turrin
$30 → $36MaintainsOverweightGet Alert
02/08/2024Buy Now8.7%Needham
Mike Cikos
$30 → $35MaintainsBuyGet Alert
02/05/2024Buy Now-19.25%UBS
Karl Keirstead
$21 → $26MaintainsNeutralGet Alert
02/01/2024Buy Now-6.83%Needham
Mike Cikos
→ $30ReiteratesBuy → BuyGet Alert
01/30/2024Buy Now-28.57%Loop Capital
Yun Kim
→ $23Initiates → HoldGet Alert
01/02/2024Buy Now-6.83%Needham
Mike Cikos
$23 → $30MaintainsBuyGet Alert

FAQ

Q

What is the target price for Confluent (CFLT)?

A

The latest price target for Confluent (NASDAQ: CFLT) was reported by Oppenheimer on May 17, 2024. The analyst firm set a price target for $37.00 expecting CFLT to rise to within 12 months (a possible 14.91% upside). 69 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 Oppenheimer, and Confluent initiated their outperform rating.

Q

When was the last upgrade for Confluent (CFLT)?

A

The last upgrade for Confluent Inc happened on May 8, 2024 when Canaccord Genuity raised their price target to $35. Canaccord Genuity previously had a hold 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 May 17, 2024 so you should expect the next rating to be made available sometime around May 17, 2025.

Q

Is the Analyst Rating Confluent (CFLT) correct?

A

While ratings are subjective and will change, the latest Confluent (CFLT) rating was a initiated with a price target of $0.00 to $37.00. The current price Confluent (CFLT) is trading at is $32.20, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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