Morgan Stanley has revised its price expectation for Confluent (CFLT, Financial), setting a new target of $25, down from the previous $32. This adjustment comes as the firm reassesses the potential risks and rewards in the software sector, particularly in light of ongoing tariff-related uncertainties.
The decision to maintain an Equal Weight rating on Confluent shares indicates Morgan Stanley's cautious approach, balancing anticipated sector challenges with existing market valuations. This move reflects a broader trend of careful evaluation among software companies, as external factors continue to influence market dynamics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for Confluent Inc (CFLT, Financial) is $36.02 with a high estimate of $42.00 and a low estimate of $25.00. The average target implies an upside of 66.86% from the current price of $21.59. More detailed estimate data can be found on the Confluent Inc (CFLT) Forecast page.
Based on the consensus recommendation from 34 brokerage firms, Confluent Inc's (CFLT, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Confluent Inc (CFLT, Financial) in one year is $43.54, suggesting a upside of 101.67% from the current price of $21.59. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Confluent Inc (CFLT) Summary page.
