In a recent development, analyst William Power from Baird has issued an update on Confluent (CFLT, Financial). The report, dated May 1, 2025, indicates both a maintained "Neutral" rating and a significant adjustment to the stock's price target.
Baird has lowered the price target for Confluent (CFLT, Financial) from USD 37.00 to USD 24.00. This change reflects a decrease of 35.14% from the prior target. Despite the adjustment in the price projection, the "Neutral" rating remains unchanged.
Investors are advised to monitor Confluent (CFLT, Financial) as the market reacts to these adjustments provided by Baird's analyst William Power. Stay tuned for further updates regarding any potential impacts on the stock's performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Confluent Inc (CFLT, Financial) is $30.83 with a high estimate of $40.00 and a low estimate of $22.00. The average target implies an upside of 54.12% from the current price of $20.01. 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 $44.10, suggesting a upside of 120.44% from the current price of $20.005. 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.
