Confluent, Inc. (CFLT)
NASDAQ: CFLT · Real-Time Price · USD
19.69
-0.08 (-0.40%)
At close: Sep 26, 2024, 4:00 PM
19.84
+0.15 (0.76%)
After-hours: Sep 26, 2024, 7:18 PM EDT
Confluent Stock Forecast
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Confluent stock have an average target of 29.83, with a low estimate of 21 and a high estimate of 40. The average target predicts an increase of 51.50% from the current stock price of 19.69.
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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 9 | 8 | 7 | 9 | 9 |
| Buy | 11 | 10 | 11 | 12 | 13 | 13 |
| Hold | 7 | 6 | 6 | 6 | 5 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 26 | 26 | 26 | 26 | 28 | 29 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Reiterates $40 | Buy | Reiterates | $40 | +103.15% | Sep 24, 2024 |
| Needham | Needham | Strong Buy Reiterates $28 | Strong Buy | Reiterates | $28 | +42.20% | Sep 23, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $31 → $27 | Strong Buy | Maintains | $31 → $27 | +37.13% | Sep 20, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $33 → $28 | Buy | Maintains | $33 → $28 | +42.20% | Sep 20, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $30 | Strong Buy | Maintains | $30 | +52.36% | Sep 18, 2024 |
Financial Forecast
Revenue This Year
973.45M
from 776.95M
Increased by 25.29%
Revenue Next Year
1.19B
from 973.45M
Increased by 22.45%
EPS This Year
0.21
from -1.47
EPS Next Year
0.32
from 0.21
Increased by 50.33%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.0B | 1.4B | 1.9B | ||
| Avg | 973.5M | 1.2B | 1.5B | ||
| Low | 931.1M | 1.1B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 33.1% | 43.9% | 57.0% | ||
| Avg | 25.3% | 22.5% | 23.2% | ||
| Low | 19.8% | 14.4% | 9.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.29 | 0.56 | 0.87 | |
| Avg | 0.21 | 0.32 | 0.46 | |
| Low | 0.20 | 0.17 | 0.18 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 161.4% | 172.3% | |
| Avg | - | 50.3% | 45.3% | |
| Low | - | -21.7% | -44.9% |
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.