Confluent, Inc. (CFLT)
NASDAQ: CFLT · IEX Real-Time Price · USD
24.37
-0.14 (-0.57%)
At close: Jul 19, 2024, 4:00 PM
24.66
+0.29 (1.19%)
Pre-market: Jul 22, 2024, 7:34 AM EDT
Confluent Stock Forecast
Stock Price Forecast
The 26 analysts with 12-month price forecasts for Confluent stock have an average target of 32.85, with a low estimate of 21 and a high estimate of 40. The average target predicts an increase of 34.80% from the current stock price of 24.37.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 7 | 9 | 8 | 7 |
| Buy | 11 | 11 | 11 | 10 | 11 | 12 |
| Hold | 7 | 7 | 7 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 25 | 26 | 26 | 26 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Loop Capital | Loop Capital | Hold Maintains $30 → $25 | Hold | Maintains | $30 → $25 | +2.59% | Jul 19, 2024 |
| Mizuho | Mizuho | Buy Maintains $36 → $34 | Buy | Maintains | $36 → $34 | +39.52% | Jul 16, 2024 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $37 | Strong Buy | Reiterates | $37 | +51.83% | Jun 25, 2024 |
| Needham | Needham | Strong Buy Reiterates $38 | Strong Buy | Reiterates | $38 | +55.93% | Jun 11, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Initiates $35 | Buy | Initiates | $35 | +43.62% | Jun 11, 2024 |
Financial Forecast
Revenue This Year
978.27M
from 776.95M
Increased by 25.91%
Revenue Next Year
1.22B
from 978.27M
Increased by 24.61%
EPS This Year
0.21
from -1.47
EPS Next Year
0.34
from 0.21
Increased by 61.47%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.1B | 1.4B | 1.9B | 1.9B | 2.3B |
| Avg | 978.3M | 1.2B | 1.5B | 1.8B | 2.2B |
| Low | 937.3M | 1.1B | 1.4B | 1.8B | 2.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.5% | 45.4% | 57.3% | 23.6% | 25.9% |
| Avg | 25.9% | 24.6% | 25.6% | 20.1% | 22.2% |
| Low | 20.6% | 16.7% | 13.3% | 15.4% | 17.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 0.39 | 0.60 | 0.97 | 0.69 |
| Avg | 0.21 | 0.34 | 0.52 | 0.67 |
| Low | 0.18 | 0.23 | 0.33 | 0.65 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | 181.3% | 181.2% | 32.6% |
| Avg | - | 61.5% | 52.2% | 28.8% |
| Low | - | 5.9% | -3.0% | 23.7% |
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.