Confluent (CFLT) Stock Forecast, Price Target & Predictions
CFLT Stock Forecast
Confluent stock forecast is as follows: an average price target of $29.63 (represents a 3.71% upside from CFLT’s last price of $28.57) 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 $29.63 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $42.00 to $21.00. This represents a potential 3.71% upside from CFLT's last price of $28.57.
CFLT Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Karl Keirstead | UBS | $26.00 | $23.07 | 12.70% | -9.00% |
| Oct 31, 2024 | Mike Cikos | Needham | $31.00 | $23.07 | 34.37% | 8.51% |
| Oct 29, 2024 | Tyler Radke | Citigroup | $25.00 | $22.60 | 10.62% | -12.50% |
| Sep 25, 2024 | Brad Reback | Stifel Nicolaus | $32.00 | $19.81 | 61.53% | 12.01% |
| Sep 20, 2024 | Chirag Ved | Evercore ISI | $28.00 | $20.66 | 35.53% | -2.00% |
| Sep 20, 2024 | Kash Rangan | Goldman Sachs | $28.00 | $20.66 | 35.53% | -2.00% |
| Sep 18, 2024 | Gregg Moskowitz | Mizuho Securities | $31.00 | $20.80 | 49.04% | 8.51% |
| Sep 03, 2024 | William Power | Robert W. Baird | $23.00 | $20.37 | 12.91% | -19.50% |
| Aug 01, 2024 | Rudy Kessinger | D.A. Davidson | $30.00 | $22.21 | 35.07% | 5.01% |
| Aug 01, 2024 | Brad Sills | Bank of America Securities | $26.00 | $25.02 | 3.92% | -9.00% |
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 -9.00% decrease from CFLT last price ($28.57).
Confluent Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 8 | 20 |
| Avg Price Target | $27.33 | $28.00 | $30.85 |
| Last Closing Price | $28.57 | $28.57 | $28.57 |
| Upside/Downside | -4.34% | -2.00% | 7.98% |
In the current month, the average price target of Confluent stock is $27.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a -4.34% decrease as opposed to Confluent's last price of $28.57. This month's average price target is down -2.39% compared to last quarter, and down -11.41% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 31, 2024 | UBS | Neutral | Neutral | Hold |
| Oct 31, 2024 | Needham | Buy | Buy | Hold |
| Oct 29, 2024 | Citigroup | Neutral | Neutral | Hold |
| Oct 28, 2024 | KeyBanc | Sector Weight | Sector Weight | Hold |
| Oct 17, 2024 | Wells Fargo | Sector Perform | Sector Perform | Hold |
| Oct 17, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Sep 20, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Sep 20, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Sep 20, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 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 | $377.62M | $362.21M | $346.17M | $324.07M | $313.80M | $300.13M | $283.69M | $263.75M | $256.85M | $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 | $389.59M | $373.69M | $357.15M | $334.35M | $323.75M | $309.64M | $292.68M | $268.54M | $262.60M | $244.97M | $230.22M | $211.59M | $205.97M | $202.35M | $188.20M | $172.62M | $170.14M | $144.83M | $131.90M | $118.47M | $109.77M | $90.73M | $76.86M |
| Low Forecast | $369.91M | $354.82M | $339.11M | $317.46M | $307.40M | $294.00M | $277.90M | $260.69M | $246.53M | $244.72M | $229.75M | $211.59M | $204.45M | $194.20M | $178.69M | $163.90M | $161.55M | $144.83M | $131.90M | $118.47M | $109.77M | $90.73M | $76.86M |
| # Analysts | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 16 | 19 | 9 | 7 | 4 | 9 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 16 | 19 | 9 | 7 | 4 | 9 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 |
| 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 | $-290.02M | $-278.19M | $-265.87M | $-248.89M | $-241.01M | $-230.51M | $-217.88M | $-202.56M | $-197.27M | $-188.05M | $-176.63M | $-147.17M | $-157.65M | $-150.24M | $-140.10M | $-133.79M | $-129.61M | $-111.23M | $-101.30M | $-121.62M | $-84.30M | $-69.68M | $-97.42M |
| High Forecast | $-284.10M | $-272.51M | $-260.44M | $-243.82M | $-236.09M | $-225.80M | $-213.43M | $-200.21M | $-189.34M | $-187.95M | $-176.45M | $-117.73M | $-157.02M | $-149.15M | $-137.24M | $-107.03M | $-103.69M | $-111.23M | $-101.30M | $-97.30M | $-84.30M | $-69.68M | $-77.94M |
| Low Forecast | $-299.21M | $-287.00M | $-274.30M | $-256.79M | $-248.65M | $-237.81M | $-224.79M | $-206.24M | $-201.68M | $-188.14M | $-176.81M | $-176.60M | $-158.19M | $-155.41M | $-144.54M | $-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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 16 | 19 | 9 | 7 | 4 | 9 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 |
| 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 | $25.99M | $19.82M | $18.34M | $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 | $44.98M | $43.15M | $36.79M | $30.76M | $34.05M | $32.80M | $27.06M | $29.73M | $25.68M | $16.59M | $15.48M | $-119.79M | $16.97M | $-425.58K | $-19.28M | $-108.90M | $-105.18M | $-54.71M | $-61.15M | $-99.00M | $-67.49M | $-73.90M | $-80.61M |
| Low Forecast | $42.06M | $40.34M | $34.40M | $28.76M | $31.83M | $30.67M | $25.30M | $16.51M | $17.85M | $16.56M | $15.11M | $-179.68M | $15.86M | $-455.20K | $-20.62M | $-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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 16 | 19 | 9 | 7 | 4 | 9 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 |
| 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 | $383.91M | $368.24M | $351.94M | $329.47M | $319.03M | $305.13M | $288.41M | $268.14M | $261.13M | $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 | $396.08M | $379.92M | $363.10M | $339.91M | $329.14M | $314.80M | $297.55M | $273.01M | $266.97M | $249.05M | $234.05M | $213.39M | $209.39M | $205.71M | $191.33M | $193.99M | $180.30M | $147.24M | $134.10M | $120.44M | $111.59M | $92.24M | $78.14M |
| Low Forecast | $376.07M | $360.73M | $344.76M | $322.75M | $312.52M | $298.90M | $282.52M | $265.03M | $250.63M | $248.79M | $233.57M | $142.26M | $207.85M | $197.43M | $181.67M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 13 | 8 | 8 | 9 | 12 | 7 | 7 | 16 | 19 | 9 | 7 | 4 | 9 | 22 | 11 | 11 | 16 | 10 | 10 | 18 | 11 | 13 | 21 |
| 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 | $0.09 | $0.10 | $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 | $0.12 | $0.11 | $0.09 | $0.10 | $0.09 | $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).