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Confluent Inc has a consensus price target of $30.31 based on the ratings of 29 analysts. The high is $40 issued by JMP Securities on October 29, 2024. The low is $21 issued by Wolfe Research on November 3, 2023. The 3 most-recent analyst ratings were released by Needham, RBC Capital, and UBS on November 15, 2024, October 31, 2024, and October 31, 2024, respectively. With an average price target of $30 between Needham, RBC Capital, and UBS, there's an implied -4.76% downside for Confluent Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Confluent (NASDAQ:CFLT) was reported by Needham on November 15, 2024. The analyst firm set a price target for $31.00 expecting CFLT to fall to within 12 months (a possible -1.59% downside). 73 analyst firms have reported ratings in the last year.
The latest analyst rating for Confluent (NASDAQ:CFLT) was provided by Needham, and Confluent reiterated their buy 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 November 15, 2024 so you should expect the next rating to be made available sometime around November 15, 2025.
While ratings are subjective and will change, the latest Confluent (CFLT) rating was a reiterated with a price target of $31.00 to $31.00. The current price Confluent (CFLT) is trading at is $31.50, which is out of the analyst’s predicted range.
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