Confluent, Inc. (CFLT)
NASDAQ: CFLT · Real-Time Price · USD
31.66
+1.05 (3.41%)
Nov 22, 2024, 11:27 AM EST - Market open
Confluent Stock Forecast
Stock Price Forecast
The 26 analysts with 12-month price forecasts for Confluent stock have an average target of 30.92, with a low estimate of 25 and a high estimate of 40. The average target predicts a decrease of -2.32% from the current stock price of 31.66.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 7 | 9 | 9 | 9 | 9 |
| Buy | 11 | 12 | 13 | 13 | 13 | 10 |
| Hold | 6 | 6 | 5 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 28 | 29 | 29 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $31 | Strong Buy | Reiterates | $31 | -2.07% | Nov 15, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $26 → $33 | Buy | Maintains | $26 → $33 | +4.25% | Oct 31, 2024 |
| UBS | UBS | Hold Maintains $23 → $26 | Hold | Maintains | $23 → $26 | -17.86% | Oct 31, 2024 |
| Scotiabank | Scotiabank | Hold Maintains $25 → $27 | Hold | Maintains | $25 → $27 | -14.71% | Oct 31, 2024 |
| Barclays | Barclays | Buy Maintains $29 → $32 | Buy | Maintains | $29 → $32 | +1.09% | Oct 31, 2024 |
Financial Forecast
Revenue This Year
978.09M
from 776.95M
Increased by 25.89%
Revenue Next Year
1.19B
from 978.09M
Increased by 21.36%
EPS This Year
0.26
from -1.47
EPS Next Year
0.35
from 0.26
Increased by 34.08%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.0B | 1.3B | 1.8B | ||
| Avg | 978.1M | 1.2B | 1.4B | ||
| Low | 929.0M | 1.1B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 30.8% | 36.4% | 47.9% | ||
| Avg | 25.9% | 21.4% | 21.6% | ||
| Low | 19.6% | 13.9% | 10.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.34 | 0.51 | 0.75 | |
| Avg | 0.26 | 0.35 | 0.51 | |
| Low | 0.23 | 0.26 | 0.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 95.4% | 111.2% | |
| Avg | - | 34.1% | 45.3% | |
| Low | - | 0.5% | 2.7% |
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.