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Confluent Inc has a consensus price target of $31.34 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 Mizuho, Truist Securities, and JP Morgan on December 13, 2024, December 12, 2024, and December 11, 2024, respectively. With an average price target of $36 between Mizuho, Truist Securities, and JP Morgan, there's an implied 13.92% 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 Mizuho on December 13, 2024. The analyst firm set a price target for $35.00 expecting CFLT to rise to within 12 months (a possible 10.76% upside). 77 analyst firms have reported ratings in the last year.
The latest analyst rating for Confluent (NASDAQ:CFLT) was provided by Mizuho, and Confluent maintained their outperform 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 November 3, 2023 when Canaccord Genuity changed their price target from N/A to $26 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 December 13, 2024 so you should expect the next rating to be made available sometime around December 13, 2025.
While ratings are subjective and will change, the latest Confluent (CFLT) rating was a maintained with a price target of $31.00 to $35.00. The current price Confluent (CFLT) is trading at is $31.60, which is within the analyst’s predicted range.
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