Confluent, Inc. (CFLT)
NASDAQ: CFLT · IEX Real-Time Price · USD
32.23
+0.70 (2.22%)
At close: May 17, 2024, 4:00 PM
32.20
-0.03 (-0.09%)
After-hours: May 17, 2024, 7:29 PM EDT
Confluent Stock Forecast
Stock Price Forecast
The 26 analysts with 12-month price forecasts for Confluent stock have an average target of 32.96, with a low estimate of 21 and a high estimate of 40. The average target predicts an increase of 2.26% from the current stock price of 32.23.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Confluent stock from 26 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 6 | 6 | 7 | 9 |
| Buy | 13 | 12 | 11 | 11 | 11 | 10 |
| Hold | 6 | 5 | 7 | 7 | 7 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 23 | 25 | 25 | 26 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Initiates $37 | Buy | Initiates | $37 | +14.80% | May 17, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $27 → $30 | Hold | Maintains | $27 → $30 | -6.92% | May 9, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $37 → $40 | Buy | Maintains | $37 → $40 | +24.11% | May 8, 2024 |
| Barclays | Barclays | Buy Maintains $33 → $34 | Buy | Maintains | $33 → $34 | +5.49% | May 8, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $38 → $40 | Buy | Maintains | $38 → $40 | +24.11% | May 8, 2024 |
Financial Forecast
Revenue This Year
973.10M
from 776.95M
Increased by 25.25%
Revenue Next Year
1.22B
from 973.10M
Increased by 25.17%
EPS This Year
0.18
from -1.47
EPS Next Year
0.34
from 0.18
Increased by 86.22%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.1B | 1.5B | 1.9B | 1.9B | 2.3B |
| Avg | 973.1M | 1.2B | 1.5B | 1.8B | 2.2B |
| Low | 925.9M | 1.1B | 1.4B | 1.8B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 38.9% | 50.2% | 59.6% | 22.2% | 25.9% |
| Avg | 25.2% | 25.2% | 26.3% | 18.7% | 22.3% |
| Low | 19.2% | 16.9% | 13.1% | 14.0% | 17.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.33 | 0.59 | 0.98 | 0.70 |
| Avg | 0.18 | 0.34 | 0.53 | 0.68 |
| Low | 0.15 | 0.24 | 0.30 | 0.66 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 221.2% | 186.4% | 32.8% |
| Avg | - | 86.2% | 55.3% | 29.0% |
| Low | - | 28.5% | -10.9% | 24.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.