Confluent - CFLT Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Moderate Buy
Consensus Price Target: $33.04
Forecasted Upside: 2.50%
Number of Analysts: 27
Breakdown:
1 Sell Ratings
6 Hold Ratings
20 Buy Ratings
0 Strong Buy Ratings

^$32.23 As of 05/17/2024 01:00 AM ET

▲ +0.7 (2.22%)

1 month | 3 months | 12 months

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Analyst Price Target for CFLT

^$33.04

▲ +2.50% Upside Potential

This price target is based on 27 analysts offering 12 month price targets for Confluent in the last 3 months. The average price target is $33.04, with a high forecast of $40.00 and a low forecast of $21.00. The average price target represents a 2.50% upside from the last price of $32.23.

Current Consensus is Moderate Buy

The current consensus among 27 polled investment analysts is to moderate buy stock in Confluent. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
20 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

11/24/2022

0 strong buy ratings
20 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

2/22/2023

0 strong buy ratings
20 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

5/23/2023

0 strong buy ratings
20 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

8/21/2023

0 strong buy ratings
20 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

11/19/2023

0 strong buy ratings
20 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

2/17/2024

0 strong buy ratings
20 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

4/17/2024

0 strong buy ratings
20 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

5/17/2024

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
5/17/2024	Oppenheimer	Initiated Coverage	Outperform	$37.00	Low
5/9/2024	The Goldman Sachs Group	Boost Target	Neutral ➝ Neutral	$27.00 ➝ $30.00	Low
5/8/2024	Royal Bank of Canada	Boost Target	Outperform ➝ Outperform	$37.00 ➝ $40.00	Low
5/8/2024	JMP Securities	Boost Target	Market Outperform ➝ Market Outperform	$38.00 ➝ $40.00	Low
5/8/2024	Barclays	Boost Target	Overweight ➝ Overweight	$33.00 ➝ $34.00	Low
5/8/2024	TD Cowen	Boost Target	Buy ➝ Buy	$34.00 ➝ $37.00	Low
5/8/2024	Guggenheim	Boost Target	Buy ➝ Buy	$35.00 ➝ $37.00	Low
5/8/2024	Wells Fargo & Company	Boost Target	Overweight ➝ Overweight	$36.00 ➝ $38.00	Low
5/8/2024	Truist Financial	Reiterated Rating	Buy ➝ Buy	$33.00 ➝ $36.00	Low
5/8/2024	Needham & Company LLC	Reiterated Rating	Buy ➝ Buy	$38.00	Low
5/8/2024	Canaccord Genuity Group	Upgrade	Hold ➝ Buy	$28.00 ➝ $35.00	Low
5/8/2024	Canaccord Genuity Group	Upgrade	Hold ➝ Buy	$35.00	Low
4/15/2024	Mizuho	Lower Target	Buy ➝ Buy	$38.00 ➝ $36.00	Low
4/1/2024	DA Davidson	Reiterated Rating	Buy ➝ Buy	$37.00	Low
3/22/2024	Needham & Company LLC	Boost Target	Buy ➝ Buy	$35.00 ➝ $38.00	Low
2/21/2024	Stifel Nicolaus	Initiated Coverage	Buy	$40.00	Low
2/16/2024	Mizuho	Boost Target	Buy ➝ Buy	$34.00 ➝ $38.00	Low
2/14/2024	Royal Bank of Canada	Boost Target	Outperform ➝ Outperform	$35.00 ➝ $37.00	Low
2/8/2024	JPMorgan Chase & Co.	Boost Target	Neutral ➝ Neutral	$23.00 ➝ $27.00	Low
2/8/2024	JMP Securities	Boost Target	Market Outperform ➝ Market Outperform	$25.00 ➝ $38.00	Low
2/8/2024	Barclays	Boost Target	Overweight ➝ Overweight	$26.00 ➝ $33.00	Low
2/8/2024	Scotiabank	Boost Target	Sector Perform ➝ Sector Perform	$22.00 ➝ $28.00	Low
2/8/2024	Royal Bank of Canada	Boost Target	Outperform ➝ Outperform	$30.00 ➝ $35.00	Low
2/8/2024	Mizuho	Boost Target	Buy ➝ Buy	$29.00 ➝ $34.00	Low
2/8/2024	The Goldman Sachs Group	Boost Target	Neutral ➝ Neutral	$24.00 ➝ $27.00	Low
2/8/2024	Needham & Company LLC	Boost Target	Buy ➝ Buy	$30.00 ➝ $35.00	Low
2/8/2024	Wells Fargo & Company	Boost Target	Overweight ➝ Overweight	$30.00 ➝ $36.00	Low
2/5/2024	UBS Group	Boost Target	Neutral ➝ Neutral	$21.00 ➝ $26.00	Low
2/1/2024	Needham & Company LLC	Reiterated Rating	Buy ➝ Buy	$30.00	Low
1/30/2024	Loop Capital	Initiated Coverage	Hold	$23.00	Low
1/2/2024	Needham & Company LLC	Boost Target	Buy ➝ Buy	$23.00 ➝ $30.00	Low
11/28/2023	Sanford C. Bernstein	Initiated Coverage	Outperform	$34.00	Low
11/8/2023	Capital One Financial	Upgrade	Equal Weight ➝ Overweight	$27.00	Low
11/6/2023	Royal Bank of Canada	Initiated Coverage	Outperform	$22.00	Low
11/3/2023	The Goldman Sachs Group	Lower Target	Neutral ➝ Neutral	$35.00 ➝ $24.00	Low
11/3/2023	JMP Securities	Lower Target	Market Outperform ➝ Market Outperform	$41.00 ➝ $25.00	Low
11/3/2023	Truist Financial	Lower Target	Buy ➝ Buy	$42.00 ➝ $27.00	Low
11/3/2023	Wolfe Research	Upgrade	Peer Perform ➝ Outperform	$21.00	Low
11/3/2023	Guggenheim	Upgrade	Neutral ➝ Buy	$23.00	Low
11/2/2023	Needham & Company LLC	Lower Target	Buy ➝ Buy	$45.00 ➝ $23.00	Low
11/2/2023	Barclays	Lower Target	Overweight ➝ Overweight	$39.00 ➝ $26.00	N/A
11/2/2023	Canaccord Genuity Group	Reiterated Rating	Buy ➝ Hold	$26.00	N/A
11/2/2023	Morgan Stanley	Lower Target	Overweight ➝ Overweight	$40.00 ➝ $27.00	N/A
11/2/2023	Piper Sandler	Lower Target	Overweight ➝ Overweight	$40.00 ➝ $30.00	N/A
11/2/2023	Canaccord Genuity Group	Downgrade	Buy ➝ Hold	$26.00	Low
11/2/2023	Bank of America	Downgrade	Neutral ➝ Underperform	$38.00 ➝ $24.00	Low
10/12/2023	Barclays	Lower Target	Overweight ➝ Overweight	$42.00 ➝ $39.00	Low
10/9/2023	Capital One Financial	Initiated Coverage	Equal Weight	$35.00	Low
9/28/2023	William Blair	Reiterated Rating	Outperform		Low
9/25/2023	Needham & Company LLC	Reiterated Rating	Buy ➝ Buy	$45.00	Low
9/1/2023	Canaccord Genuity Group	Initiated Coverage	Buy	$40.00	Low
9/1/2023	Canaccord Genuity Group	Initiated Coverage	Buy	$40.00	Low
8/3/2023	Needham & Company LLC	Reiterated Rating	Buy	$45.00	Low
8/3/2023	Morgan Stanley	Boost Target	Overweight ➝ Overweight	$30.00 ➝ $40.00	Low
8/2/2023	Citigroup	Boost Target	Neutral ➝ Neutral	$36.00 ➝ $37.00	Low
6/21/2023	DA Davidson	Boost Target		$32.00 ➝ $42.00	Low
6/20/2023	Wolfe Research	Initiated Coverage	Market Perform		Low
6/15/2023	Deutsche Bank Aktiengesellschaft	Boost Target		$27.00 ➝ $38.00	Low
6/14/2023	Truist Financial	Boost Target		$30.00 ➝ $42.00	Low
6/14/2023	JPMorgan Chase & Co.	Boost Target		$20.00 ➝ $31.00	Low
6/14/2023	Mizuho	Boost Target		$28.00 ➝ $40.00	Low
6/14/2023	UBS Group	Boost Target		$24.00 ➝ $39.00	Low
6/14/2023	Wells Fargo & Company	Boost Target		$35.00 ➝ $41.00	Low
6/14/2023	Guggenheim	Downgrade	Buy ➝ Neutral		Low
6/14/2023	JMP Securities	Boost Target		$31.00 ➝ $41.00	Low
6/14/2023	Barclays	Boost Target		$26.00 ➝ $42.00	Low
6/12/2023	Needham & Company LLC	Boost Target		$35.00 ➝ $45.00	Low
6/9/2023	Piper Sandler	Boost Target		$30.00 ➝ $40.00	Low
5/30/2023	Needham & Company LLC	Initiated Coverage	Buy	$35.00	Low
5/5/2023	Deutsche Bank Aktiengesellschaft	Lower Target		$29.00 ➝ $27.00	Low
5/4/2023	VNET Group	Reiterated Rating	Maintains		Low
5/4/2023	JMP Securities	Lower Target		$33.00 ➝ $31.00	Low
5/4/2023	Barclays	Lower Target		$29.00 ➝ $26.00	Low
4/17/2023	Barclays	Boost Target	Overweight	$26.00 ➝ $29.00	Low
4/12/2023	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$29.00 ➝ $30.00	Low
3/28/2023	Mizuho	Initiated Coverage	Buy	$28.00	Low
3/6/2023	Credit Suisse Group	Reiterated Rating	Outperform	$31.00	Low
2/13/2023	Moffett Nathanson	Initiated Coverage	Outperform	$36.00	Low
2/1/2023	Citigroup	Lower Target	Neutral	$27.00 ➝ $25.00	Low
1/31/2023	Deutsche Bank Aktiengesellschaft	Boost Target		$28.00 ➝ $29.00	Low
1/31/2023	Cowen	Lower Target	Outperform	$35.00 ➝ $30.00	Low
1/31/2023	Barclays	Boost Target	Overweight	$24.00 ➝ $26.00	Low
1/27/2023	JMP Securities	Lower Target	Market Outperform	$45.00 ➝ $33.00	Low
1/27/2023	UBS Group	Downgrade	Buy ➝ Neutral	$27.00 ➝ $24.00	Low
1/26/2023	Guggenheim	Initiated Coverage	Buy	$29.00	Low
1/24/2023	UBS Group	Lower Target	Buy	$35.00 ➝ $27.00	Low
1/23/2023	Deutsche Bank Aktiengesellschaft	Upgrade	Hold ➝ Buy	$32.00 ➝ $28.00	Low
1/19/2023	Cowen	Lower Target	Outperform	$39.00 ➝ $35.00	Low
1/17/2023	FBN Securities	Initiated Coverage	Outperform	$30.00	Low
1/10/2023	Barclays	Upgrade	Equal Weight ➝ Overweight	$27.00 ➝ $24.00	Low
1/9/2023	Truist Financial	Lower Target		$35.00 ➝ $30.00	Low
1/6/2023	Wells Fargo & Company	Lower Target	Overweight	$40.00 ➝ $36.00	Low
1/6/2023	Scotiabank	Downgrade	Sector Outperform ➝ Sector Perform	$21.00	Low
1/5/2023	Piper Sandler	Lower Target	Overweight	$32.00 ➝ $30.00	Low
12/19/2022	Morgan Stanley	Lower Target	Equal Weight	$35.00 ➝ $29.00	Low
11/3/2022	JPMorgan Chase & Co.	Lower Target	Neutral	$30.00 ➝ $25.00	Low
11/3/2022	Morgan Stanley	Lower Target	Equal Weight	$38.00 ➝ $35.00	Low
11/3/2022	DA Davidson	Lower Target		$44.00 ➝ $33.00	Low
11/3/2022	Credit Suisse Group	Lower Target	Outperform	$65.00 ➝ $55.00	Low
11/3/2022	Barclays	Lower Target	Equal Weight	$30.00 ➝ $27.00	Low
11/1/2022	Citigroup	Lower Target	Neutral	$32.00 ➝ $30.00	Low
10/20/2022	Morgan Stanley	Lower Target	Equal Weight	$42.00 ➝ $38.00	Low
10/18/2022	Barclays	Lower Target	Equal Weight	$32.00 ➝ $30.00	Low
9/30/2022	Truist Financial	Initiated Coverage	Buy	$35.00	Low
8/9/2022	Cowen	Boost Target		$39.00	N/A
8/4/2022	DA Davidson	Boost Target		$38.00 ➝ $44.00	Low
8/4/2022	Barclays	Boost Target	Equal Weight	$28.00 ➝ $32.00	Low
8/4/2022	Wells Fargo & Company	Boost Target	Overweight	$35.00 ➝ $40.00	Low
8/4/2022	UBS Group	Boost Target	Buy	$33.00 ➝ $35.00	Low
8/4/2022	Credit Suisse Group	Lower Target	Outperform	$80.00 ➝ $65.00	Low
8/4/2022	Morgan Stanley	Boost Target	Equal Weight	$39.00 ➝ $42.00	N/A
8/4/2022	Deutsche Bank Aktiengesellschaft	Boost Target		$28.00 ➝ $32.00	Low
8/4/2022	Citigroup	Boost Target		$26.00 ➝ $32.00	Low
7/26/2022	UBS Group	Lower Target		$33.00	Low
7/18/2022	Barclays	Lower Target	Equal Weight	$30.00 ➝ $28.00	Low
7/13/2022	Piper Sandler	Lower Target		$40.00 ➝ $34.00	N/A
6/8/2022	Scotiabank	Initiated Coverage	Outperform	$27.00	Low
5/18/2022	Wells Fargo & Company	Lower Target	Overweight	$45.00 ➝ $35.00	High
5/6/2022	Credit Suisse Group	Lower Target		$100.00 ➝ $80.00	High
5/6/2022	Deutsche Bank Aktiengesellschaft	Lower Target		$63.00 ➝ $28.00	High
4/19/2022	Barclays	Lower Target	Equal Weight	$71.00 ➝ $44.00	High
4/14/2022	The Goldman Sachs Group	Lower Target	Neutral	$75.00 ➝ $48.00	High
3/15/2022	Wells Fargo & Company	Lower Target	Overweight	$75.00 ➝ $55.00	Low
2/11/2022	Morgan Stanley	Boost Target	Equal Weight	$75.00 ➝ $80.00	High
2/11/2022	Credit Suisse Group	Lower Target	Outperform	$115.00 ➝ $100.00	High
2/11/2022	Deutsche Bank Aktiengesellschaft	Lower Target	Hold	$84.00 ➝ $63.00	High
2/1/2022	Morgan Stanley	Lower Target	Equal Weight	$94.00 ➝ $75.00	High
1/26/2022	Wells Fargo & Company	Lower Target	Overweight	$90.00 ➝ $75.00	High
1/25/2022	DA Davidson	Upgrade	Neutral ➝ Buy	$76.00	Medium
1/11/2022	Citigroup	Initiated Coverage	Neutral	$90.00 ➝ $80.00	Low
11/21/2021	Morgan Stanley	Boost Target	Equal Weight	$49.00 ➝ $94.00	High
11/18/2021	William Blair	Initiated Coverage	Outperform		Medium
11/16/2021	Credit Suisse Group	Initiated Coverage	Outperform	$115.00	Low
11/8/2021	Deutsche Bank Aktiengesellschaft	Boost Target	Hold	$42.00 ➝ $84.00	High
11/5/2021	Cowen	Boost Target	Outperform	$75.00 ➝ $100.00	High
11/5/2021	JMP Securities	Boost Target	Positive ➝ Outperform	$52.00 ➝ $97.00	High
10/18/2021	Barclays	Boost Target	Equal Weight	$62.00 ➝ $68.00	Low
9/15/2021	DA Davidson	Initiated Coverage	Neutral	$61.00	High
8/16/2021	Morgan Stanley	Boost Target	Equal Weight	$45.00 ➝ $49.00	Medium
8/6/2021	JMP Securities	Boost Target	Market Outperform	$49.00 ➝ $52.00	High
8/6/2021	Barclays	Boost Target	Equal Weight	$42.00 ➝ $47.00	High
8/6/2021	Deutsche Bank Aktiengesellschaft	Boost Target	Hold	$37.00 ➝ $42.00	High
8/6/2021	Citigroup	Boost Target	Neutral	$45.00 ➝ $51.00	High
7/20/2021	Citigroup	Initiated Coverage	Neutral	$45.00	Low
7/19/2021	Barclays	Initiated Coverage	Equal Weight	$42.00	Low
7/19/2021	UBS Group	Initiated Coverage	Buy	$46.00	Medium
7/19/2021	JPMorgan Chase & Co.	Initiated Coverage	Neutral	$44.00	Low
7/19/2021	Morgan Stanley	Initiated Coverage	Equal Weight	$45.00	Medium
7/19/2021	Deutsche Bank Aktiengesellschaft	Initiated Coverage	Hold	$37.00	Medium
7/19/2021	Cowen	Initiated Coverage	Outperform	$40.40	Medium
7/19/2021	Wells Fargo & Company	Initiated Coverage	Overweight	$50.00	Medium
7/19/2021	Bank of America	Initiated Coverage	Neutral	$48.00	Medium
7/19/2021	Piper Sandler	Initiated Coverage	Overweight	$50.00	Medium
7/19/2021	KeyCorp	Initiated Coverage	Sector Weight ➝ Sector Weight	$40.40	Medium
7/19/2021	The Goldman Sachs Group	Initiated Coverage	Neutral	$37.00	Medium
7/19/2021	JMP Securities	Initiated Coverage	Outperform	$49.00	Medium

(Data available from 5/18/2019 forward)

News Sentiment Rating

0.68 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

12 very positive mentions
6 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

10/21/2023

4 very positive mentions
26 positive mentions
2 negative mentions
2 very negative mentions

Mentions as of

11/20/2023

10 very positive mentions
11 positive mentions
1 negative mentions
1 very negative mentions

Mentions as of

12/20/2023

8 very positive mentions
11 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

1/19/2024

29 very positive mentions
28 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

2/18/2024

21 very positive mentions
17 positive mentions
0 negative mentions
1 very negative mentions

Mentions as of

3/19/2024

16 very positive mentions
16 positive mentions
3 negative mentions
0 very negative mentions

Mentions as of

4/18/2024

29 very positive mentions
44 positive mentions
1 negative mentions
1 very negative mentions

Mentions as of

5/18/2024

Current Sentiment

Recent Stories by Sentiment

Confluent, Inc. operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software. It offers connectors for existing applications, and IT and cloud infrastructure; Apache Flink services that allows teams to create reusable data streams that can be delivered real-time; ksqlDB, a data-in-motion database that allows users to build data-in-motion applications using a few SQL statements; stream governance, a managed data governance suite that is designed for the intricacies of streaming data, which allows teams to accelerate data streaming initiatives without bypassing controls for risk management and regulatory compliance; and stream designer which builds streaming data pipelines visually. In addition, the company offers professional services comprising packaged and residency offerings; education offerings consisting of instructor-led and self-paced training and certification guidance, technical resources, and access to hands-on training and certification exams; and certification programs. It serves banking and financial services industries, as well as retail and e-commerce, manufacturing, automotive, communication service providers, gaming, public sector, insurance, and technology industries. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.

Today's Range

Now: $32.23

$31.62

$32.39

50 Day Range

MA: $29.84

$26.89

$32.23

52 Week Range

Now: $32.23

$14.69

$41.22

Volume

2,645,770 shs

Average Volume

4,109,078 shs

Market Capitalization

$10.24 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

0.93

Frequently Asked Questions

What sell-side analysts currently cover shares of Confluent?: The following equities research analysts have issued research reports on Confluent in the last twelve months: Bank of America Co., Barclays PLC, Canaccord Genuity Group Inc., Capital One Financial Co., Citigroup Inc., DA Davidson, Deutsche Bank Aktiengesellschaft, Guggenheim, JMP Securities, JPMorgan Chase & Co., Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer Holdings Inc., Piper Sandler, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, Inc., Truist Financial Co., UBS Group AG, Wells Fargo & Company, William Blair, and Wolfe Research.
View the latest analyst ratings for CFLT.
What is the current price target for Confluent?: 27 Wall Street analysts have set twelve-month price targets for Confluent in the last year. Their average twelve-month price target is $33.04, suggesting a possible upside of 2.5%. Stifel Nicolaus has the highest price target set, predicting CFLT will reach $40.00 in the next twelve months. Wolfe Research has the lowest price target set, forecasting a price of $21.00 for Confluent in the next year.
View the latest price targets for CFLT.
What is the current consensus analyst rating for Confluent?: Confluent currently has 1 sell rating, 6 hold ratings and 20 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for CFLT.
What other companies compete with Confluent?: Other companies that are similar to Confluent include Procore Technologies, F5, Qualtrics International, Elastic and UiPath. Learn More about companies similar to Confluent.
How do I contact Confluent's investor relations team?: The company's listed phone number is 800-439-3207 and its investor relations email address is [email protected]. The official website for Confluent is www.confluent.io. Learn More about contacing Confluent investor relations.

Confluent - CFLT Stock Price Target and Predictions

Analyst Price Target for CFLT

Current Consensus is Moderate Buy

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

0.68 (Buy)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of Confluent?

What is the current price target for Confluent?

What is the current consensus analyst rating for Confluent?

What other companies compete with Confluent?

How do I contact Confluent's investor relations team?