On May 1, 2025, prominent analyst Chirag Ved at Evercore ISI Group maintained an "Outperform" rating on Confluent (CFLT, Financial). Despite the positive outlook, the price target for Confluent was lowered from $29.00 to $28.00.
This adjustment represents a change of -3.45% from the previous price target. The financial community is closely monitoring the developments as Confluent (CFLT, Financial) continues to navigate the market landscape.
The decision to maintain the "Outperform" rating indicates confidence in Confluent's (CFLT, Financial) potential to exceed average market returns despite the adjusted price target. Investors will be keen to see how Confluent (CFLT) performs in the coming months under this updated analyst perspective.
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 54.97% from the current price of $19.90. 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 121.66% from the current price of $19.895. 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.
