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Confluent Inc has a consensus price target of $31.83 based on the ratings of 29 analysts. The high is $40 issued by Wells Fargo on December 5, 2024. The low is $21 issued by Wolfe Research on November 3, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, Piper Sandler, and RBC Capital on January 16, 2025, January 6, 2025, and January 3, 2025, respectively. With an average price target of $33.67 between Morgan Stanley, Piper Sandler, and RBC Capital, there's an implied 26.09% upside for Confluent Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Confluent (NASDAQ:CFLT) was reported by Morgan Stanley on January 16, 2025. The analyst firm set a price target for $30.00 expecting CFLT to rise to within 12 months (a possible 12.36% upside). 80 analyst firms have reported ratings in the last year.
The latest analyst rating for Confluent (NASDAQ:CFLT) was provided by Morgan Stanley, and Confluent downgraded their equal-weight rating.
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.
The last downgrade for Confluent Inc happened on January 16, 2025 when Morgan Stanley changed their price target from $33 to $30 for Confluent Inc.
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 January 16, 2025 so you should expect the next rating to be made available sometime around January 16, 2026.
While ratings are subjective and will change, the latest Confluent (CFLT) rating was a downgraded with a price target of $33.00 to $30.00. The current price Confluent (CFLT) is trading at is $26.70, which is out of the analyst’s predicted range.
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