Confluent, Inc. (CFLT)
NASDAQ: CFLT · Real-Time Price · USD
27.70
+0.33 (1.21%)
At close: Nov 12, 2024, 4:00 PM
27.62
-0.08 (-0.29%)
After-hours: Nov 12, 2024, 5:14 PM EST
Confluent Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Confluent stock have an average target of 30.31, with a low estimate of 21 and a high estimate of 40. The average target predicts an increase of 9.42% from the current stock price of 27.70.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Confluent stock from 29 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 8 | 7 | 9 | 9 | 9 |
| Buy | 10 | 11 | 12 | 13 | 13 | 13 |
| Hold | 6 | 6 | 6 | 5 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 26 | 28 | 29 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Maintains $26 → $33 | Buy | Maintains | $26 → $33 | +19.13% | Oct 31, 2024 |
| UBS | UBS | Hold Maintains $23 → $26 | Hold | Maintains | $23 → $26 | -6.14% | Oct 31, 2024 |
| Scotiabank | Scotiabank | Hold Maintains $25 → $27 | Hold | Maintains | $25 → $27 | -2.53% | Oct 31, 2024 |
| Barclays | Barclays | Buy Maintains $29 → $32 | Buy | Maintains | $29 → $32 | +15.52% | Oct 31, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $27 → $31 | Strong Buy | Maintains | $27 → $31 | +11.91% | 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.