Confluent (CFLT) Stock Forecast, Price Target & Predictions


OverviewRevenueOwnershipFinancialsChartTranscripts

CFLT Stock Forecast


Confluent stock forecast is as follows: an average price target of $27.83 (represents a -11.20% downside from CFLT’s last price of $31.34) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.

CFLT Price Target


The average price target for Confluent (CFLT) is $27.83 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $32.00 to $23.00. This represents a potential -11.20% downside from CFLT's last price of $31.34.

CFLT Analyst Ratings


Buy

According to 16 Wall Street analysts, Confluent's rating consensus is 'Buy'. The analyst rating breakdown for CFLT stock is 0 'Strong Buy' (0.00%), 8 'Buy' (50.00%), 7 'Hold' (43.75%), 1 'Sell' (6.25%), and 0 'Strong Sell' (0.00%).

Confluent Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Karl KeirsteadUBS$26.00$23.0712.70%-17.04%
Oct 31, 2024Mike CikosNeedham$31.00$23.0734.37%-1.08%
Oct 29, 2024Tyler RadkeCitigroup$25.00$22.6010.62%-20.23%
Sep 25, 2024Brad RebackStifel Nicolaus$32.00$19.8161.53%2.11%
Sep 20, 2024Chirag VedEvercore ISI$28.00$20.6635.53%-10.66%
Sep 20, 2024Kash RanganGoldman Sachs$28.00$20.6635.53%-10.66%
Sep 18, 2024Gregg MoskowitzMizuho Securities$31.00$20.8049.04%-1.08%
Sep 03, 2024William PowerRobert W. Baird$23.00$20.3712.91%-26.61%
Aug 01, 2024Rudy KessingerD.A. Davidson$30.00$22.2135.07%-4.28%
Aug 01, 2024Brad SillsBank of America Securities$26.00$25.023.92%-17.04%
Aug 01, 2024Raimo LenschowBarclays$29.00$25.0215.91%-7.47%
Jul 30, 2024Tyler RadkeCitigroup$28.00$24.5813.91%-10.66%
Jul 19, 2024Yun KimLoop Capital Markets$25.00$24.372.59%-20.23%
Jul 16, 2024Gregg MoskowitzMizuho Securities$34.00$26.5628.01%8.49%
Jun 11, 2024Chirag VedEvercore ISI$35.00$26.0734.25%11.68%
May 17, 2024Ittai KidronOppenheimer$37.00$31.7316.59%18.06%
May 08, 2024Kingsley CraneCanaccord Genuity$35.00$31.3811.54%11.68%
Apr 15, 2024Gregg MoskowitzMizuho Securities$36.00$28.5626.05%14.87%
Mar 22, 2024Mike CikosNeedham$38.00$30.9622.74%21.25%
Feb 21, 2024Brad RebackStifel Nicolaus$40.00$32.6722.42%27.63%
Nov 06, 2023Matthew HedbergRBC Capital$22.00$17.9122.87%-29.80%
Nov 03, 2023Allan VerkhovskiWolfe Research$21.00$16.2828.99%-32.99%
May 30, 2023Mike CikosNeedham$35.00$30.8413.49%11.68%
Jan 10, 2023Raimo LenschowBarclays$24.00$19.9020.60%-23.42%
Aug 30, 2022Michael TurrinWells Fargo$40.00$27.1447.36%27.63%
Aug 18, 2022Brad ZelnickDeutsche Bank$32.00$30.863.69%2.11%
Aug 15, 2022Rudy KessingerD.A. Davidson$44.00$33.3032.13%40.40%
Aug 04, 2022Morgan Stanley$42.00$30.8836.03%34.01%
Aug 04, 2022UBS$35.00$31.2412.04%11.68%
Aug 04, 2022Barclays$32.00$29.0210.27%2.11%
May 21, 2022Michael TurrinWells Fargo$35.00$18.9185.09%11.68%
May 09, 2022Sanjit SinghMorgan Stanley$39.00$21.0785.10%24.44%

The latest Confluent stock forecast, released on Oct 31, 2024 by Karl Keirstead from UBS, set a price target of $26.00, which represents a 12.70% increase from the stock price at the time of the forecast ($23.07), and a -17.04% decrease from CFLT last price ($31.34).

Confluent Price Target by Period


1M3M12M
# Anlaysts-720
Avg Price Target-$28.71$30.85
Last Closing Price$31.34$31.34$31.34
Upside/Downside-100.00%-8.39%-1.56%

In the current month, the average price target of Confluent stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Confluent's last price of $31.34. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024RBC CapitalOutperformOutperformHold
Oct 31, 2024UBSNeutralNeutralHold
Oct 31, 2024NeedhamBuyBuyHold
Oct 29, 2024CitigroupNeutralNeutralHold
Oct 28, 2024KeyBancSector WeightSector WeightHold
Oct 17, 2024Wells FargoSector PerformSector PerformHold
Oct 17, 2024ScotiabankUnderperformUnderperformHold
Sep 20, 2024Cowen & Co.BuyBuyHold
Sep 20, 2024Evercore ISIOutperformOutperformHold
Sep 20, 2024Goldman SachsNeutralNeutralHold
Sep 04, 2024Wells FargoSector PerformSector PerformHold
Sep 04, 2024ScotiabankUnderperformUnderperformHold
Aug 01, 2024BarclaysOverweightOverweightHold
Jul 30, 2024CitigroupNeutralNeutralHold
Jul 19, 2024Wells FargoBuyBuyHold
Jul 19, 2024Loop Capital MarketsHoldHoldHold
Jun 25, 2024Wells FargoBuyBuyHold
Jun 11, 2024Evercore ISIOutperformInitialise
Jun 04, 2024Wells FargoBuyBuyHold
May 16, 2024OppenheimerOutperformInitialise
May 09, 2024RBC CapitalUnderperformUnderperformHold
May 09, 2024Wells FargoBuyBuyHold
May 08, 2024Cowen & Co.BuyBuyHold
Apr 15, 2024UBSUnderperformUnderperformHold
Apr 15, 2024Wells FargoSector PerformSector PerformHold
Mar 22, 2024Wells FargoSector PerformSector PerformHold
Feb 21, 2024Wells FargoSector PerformSector PerformHold
Feb 08, 2024NeedhamBuyBuyHold
Feb 08, 2024Wells FargoOverweightOverweightHold
Nov 06, 2023RBC CapitalOutperformInitialise
Nov 03, 2023Wolfe ResearchOutperformUpgrade
Jun 15, 2023GuggenheimNeutralDowngrade
Jun 14, 2023Wells FargoOverweightOverweightHold
May 30, 2023NeedhamBuyInitialise
Apr 12, 2023Morgan StanleyEqual-WeightOverweightUpgrade
Feb 01, 2023Deutsche BankHoldReduceUpgrade
Jan 10, 2023BarclaysEqual-WeightOverweightUpgrade
Jan 06, 2023ScotiabankSector PerformDowngrade
Aug 30, 2022Wells FargoOverweightOverweightHold
Aug 18, 2022Deutsche BankHoldHoldHold
Aug 04, 2022Wells FargoOverweightOverweightHold
Aug 04, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 04, 2022UBSBuyBuyHold
Aug 04, 2022BarclaysEqual-WeightEqual-WeightHold
May 21, 2022Wells FargoOverweightOverweightHold

Confluent's last stock rating was published by RBC Capital on Oct 31, 2024. The company gave CFLT a "Outperform" rating, the same as its previous rate.

Confluent Financial Forecast


Confluent Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Revenue------------$213.18M$200.18M$189.28M$174.30M$168.67M$151.73M$139.41M$126.14M$119.93M$102.57M$88.34M
Avg Forecast$377.66M$362.24M$346.14M$323.98M$313.71M$300.04M$283.61M$263.69M$256.86M$244.84M$229.98M$211.59M$205.27M$195.62M$182.42M$167.32M$164.91M$144.83M$131.90M$118.47M$109.77M$90.73M$76.86M
High Forecast$390.81M$374.86M$358.20M$335.27M$324.64M$310.49M$293.49M$268.48M$262.61M$244.97M$230.22M$211.59M$205.97M$202.35M$188.77M$173.15M$170.66M$144.83M$131.90M$118.47M$109.77M$90.73M$76.86M
Low Forecast$372.42M$357.22M$341.34M$319.49M$309.36M$295.88M$279.68M$260.63M$246.54M$244.72M$229.75M$211.59M$204.45M$194.20M$179.89M$165.00M$162.62M$144.83M$131.90M$118.47M$109.77M$90.73M$76.86M
# Analysts1388912771619974922111116101018111321
Surprise %------------1.04%1.02%1.04%1.04%1.02%1.05%1.06%1.06%1.09%1.13%1.15%

Confluent's average Quarter revenue forecast for Mar 24 based on 4 analysts is $211.59M, with a low forecast of $211.59M, and a high forecast of $211.59M. CFLT's average Quarter revenue forecast represents a -0.75% decrease compared to the company's last Quarter revenue of $213.18M (Dec 23).

Confluent EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
# Analysts1388912771619974922111116101018111321
EBITDA------------$-84.68M$-108.10M$-118.42M$-96.21M$-112.50M$-116.83M$-115.50M$-110.23M$-112.82M$-94.08M$-85.24M
Avg Forecast$-288.69M$-276.91M$-264.60M$-247.67M$-239.81M$-229.36M$-216.81M$-201.58M$-196.36M$-187.17M$-175.81M$-147.17M$-156.92M$-149.54M$-139.45M$-133.79M$-129.61M$-111.23M$-101.30M$-121.62M$-84.30M$-69.68M$-97.42M
High Forecast$-284.69M$-273.07M$-260.93M$-244.23M$-236.48M$-226.18M$-213.80M$-199.24M$-188.46M$-187.07M$-175.63M$-117.73M$-156.29M$-148.45M$-137.51M$-107.03M$-103.69M$-111.23M$-101.30M$-97.30M$-84.30M$-69.68M$-77.94M
Low Forecast$-298.75M$-286.56M$-273.82M$-256.29M$-248.16M$-237.35M$-224.36M$-205.24M$-200.75M$-187.27M$-175.99M$-176.60M$-157.45M$-154.68M$-144.30M$-160.54M$-155.54M$-111.23M$-101.30M$-145.95M$-84.30M$-69.68M$-116.91M
Surprise %------------0.54%0.72%0.85%0.72%0.87%1.05%1.14%0.91%1.34%1.35%0.88%

undefined analysts predict CFLT's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Confluent's previous annual EBITDA (undefined) of $NaN.

Confluent Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
# Analysts1388912771619974922111116101018111321
Net Income------------$-94.10M$-92.67M$-103.42M$-152.56M$-105.88M$-116.05M$-117.63M$-112.99M$-114.44M$-95.67M$-88.17M
Avg Forecast$43.20M$41.44M$35.33M$29.54M$32.70M$31.51M$26.01M$19.79M$18.32M$16.57M$15.29M$-149.73M$16.30M$-437.18K$-19.81M$-136.12M$-131.48M$-54.71M$-61.15M$-123.75M$-67.49M$-73.90M$-100.77M
High Forecast$45.16M$43.32M$36.93M$30.88M$34.18M$32.93M$27.19M$29.69M$25.65M$16.59M$15.48M$-119.79M$17.04M$-429.30K$-19.45M$-108.90M$-105.18M$-54.71M$-61.15M$-99.00M$-67.49M$-73.90M$-80.61M
Low Forecast$42.42M$40.70M$34.70M$29.01M$32.11M$30.94M$25.54M$16.49M$17.99M$16.56M$15.11M$-179.68M$16.00M$-456.98K$-20.70M$-163.35M$-157.77M$-54.71M$-61.15M$-148.50M$-67.49M$-73.90M$-120.92M
Surprise %-------------5.77%211.97%5.22%1.12%0.81%2.12%1.92%0.91%1.70%1.29%0.88%

Confluent's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. CFLT's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Confluent SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
# Analysts1388912771619974922111116101018111321
SG&A------------$153.86M$160.50M$164.11M$163.98M$157.89M$147.35M$142.73M$134.18M$130.78M$112.32M$111.15M
Avg Forecast$383.94M$368.27M$351.90M$329.38M$318.93M$305.03M$288.33M$268.08M$261.14M$248.92M$233.81M$177.82M$208.69M$198.88M$185.45M$161.66M$150.25M$147.24M$134.10M$120.44M$111.59M$92.24M$78.14M
High Forecast$397.32M$381.10M$364.16M$340.85M$330.04M$315.66M$298.38M$272.95M$266.98M$249.05M$234.05M$213.39M$209.39M$205.71M$191.91M$193.99M$180.30M$147.24M$134.10M$120.44M$111.59M$92.24M$78.14M
Low Forecast$378.62M$363.16M$347.02M$324.81M$314.51M$300.80M$284.34M$264.97M$250.64M$248.79M$233.57M$142.26M$207.85M$197.43M$182.88M$129.33M$120.20M$147.24M$134.10M$120.44M$111.59M$92.24M$78.14M
Surprise %------------0.74%0.81%0.88%1.01%1.05%1.00%1.06%1.11%1.17%1.22%1.42%

Confluent's average Quarter SG&A projection for Mar 24 is $177.82M, based on 4 Wall Street analysts, with a range of $142.26M to $213.39M. The forecast indicates a 15.58% rise compared to CFLT last annual SG&A of $153.86M (Dec 23).

Confluent EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
# Analysts1388912771619974922111116101018111321
EPS------------$-0.30$-0.30$-0.35$-0.52$-0.37$-0.41$-0.42$-0.41$-0.43$-0.37$-0.34
Avg Forecast$0.13$0.13$0.11$0.09$0.10$0.10$0.08$0.06$0.06$0.05$0.05$0.02$0.05$-0.00$-0.06$-0.14$-0.13$-0.17$-0.19$-0.21$-0.21$-0.23$-0.39
High Forecast$0.14$0.13$0.11$0.10$0.11$0.10$0.08$0.09$0.08$0.05$0.05$0.02$0.05$-0.00$-0.06$-0.13$-0.13$-0.17$-0.19$-0.21$-0.21$-0.23$-0.39
Low Forecast$0.13$0.13$0.11$0.09$0.10$0.10$0.08$0.05$0.06$0.05$0.05$0.02$0.05$-0.00$-0.06$-0.14$-0.14$-0.17$-0.19$-0.21$-0.21$-0.23$-0.39
Surprise %-------------5.97%222.55%5.73%3.79%2.75%2.39%2.19%1.94%2.04%1.60%0.88%

According to undefined Wall Street analysts, Confluent's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to CFLT previous annual EPS of $NaN (undefined).

Confluent Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MNDYmonday$251.80$296.2517.65%Buy
GTLBGitLab$59.14$64.008.22%Buy
DOCSDoximity$52.70$53.381.29%Buy
DOCNDigitalOcean$37.76$34.00-9.96%Buy
CFLTConfluent$31.34$27.83-11.20%Buy
GLBEGlobal-e Online$56.82$47.33-16.70%Buy

CFLT Forecast FAQ


Is Confluent a good buy?

Yes, according to 16 Wall Street analysts, Confluent (CFLT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 50.00% of CFLT's total ratings.

What is CFLT's price target?

Confluent (CFLT) average price target is $27.83 with a range of $23 to $32, implying a -11.20% from its last price of $31.34. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Confluent stock go up soon?

According to Wall Street analysts' prediction for CFLT stock, the company can go down by -11.20% (from the last price of $31.34 to the average price target of $27.83), up by 2.11% based on the highest stock price target, and down by -26.61% based on the lowest stock price target.

Can Confluent stock reach $50?

CFLT's average twelve months analyst stock price target of $27.83 does not support the claim that Confluent can reach $50 in the near future.

What are Confluent's analysts' financial forecasts?

Confluent's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.16B (high $1.2B, low $1.15B), average EBITDA is $-888M (high $-876M, low $-915M), average net income is $110.01M (high $123.99M, low $105.09M), average SG&A $1.18B (high $1.22B, low $1.16B), and average EPS is $0.339 (high $0.382, low $0.324). CFLT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.41B (high $1.46B, low $1.39B), average EBITDA is $-1.078B (high $-1.063B, low $-1.115B), average net income is $149.52M (high $156.29M, low $146.83M), average SG&A $1.43B (high $1.48B, low $1.41B), and average EPS is $0.461 (high $0.482, low $0.453).

Did the CFLT's actual financial results beat the analysts' financial forecasts?

Based on Confluent's last annual report (Dec 2023), the company's revenue was $776.95M, beating the average analysts forecast of $750.63M by 3.51%. Apple's EBITDA was $-444M, missing the average prediction of $-580M by -23.42%. The company's net income was $-443M, beating the average estimation of $-140M by 216.09%. Apple's SG&A was $642.45M, missing the average forecast of $754.68M by -14.87%. Lastly, the company's EPS was $-1.47, beating the average prediction of $-0.149 by 884.57%. In terms of the last quarterly report (Dec 2023), Confluent's revenue was $213.18M, beating the average analysts' forecast of $205.27M by 3.85%. The company's EBITDA was $-84.68M, missing the average prediction of $-157M by -46.04%. Confluent's net income was $-94.096M, missing the average estimation of $16.3M by -677.38%. The company's SG&A was $153.86M, missing the average forecast of $208.69M by -26.27%. Lastly, the company's EPS was $-0.3, missing the average prediction of $0.0503 by -697.01%