Confluent (CFLT)
(Delayed Data from NSDQ)
$20.42 USD
-0.65 (-3.08%)
Updated Aug 28, 2024 04:00 PM ET
After-Market: $20.41 -0.01 (-0.05%) 7:30 PM ET
3-Hold of 5 3
F Value A Growth C Momentum C VGM
Confluent (CFLT) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$30.78 | $40.00 | $21.00 | 46.08% |
Price Target
Based on short-term price targets offered by 27 analysts, the average price target for Confluent comes to $30.78. The forecasts range from a low of $21.00 to a high of $40.00. The average price target represents an increase of 46.08% from the last closing price of $21.07.
Analyst Price Targets (27)
Broker Rating
Confluent currently has an average brokerage recommendation (ABR) of 1.59 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 29 brokerage firms. The current ABR compares to an ABR of 1.63 a month ago based on 30 recommendations.
Of the 29 recommendations deriving the current ABR, 20 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 68.97% and 6.9% of all recommendations. A month ago, Strong Buy made up 66.67%, while Buy represented 6.67%.
Broker Rating Breakdown
![Broker Rating Visualization](https://widget3.zacks.com/images/charts/bar/brokerage/bar/CFLT.png)
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 20 | 20 | 20 | 20 | 19 |
Buy | 2 | 2 | 2 | 2 | 2 |
Hold | 6 | 6 | 7 | 7 | 7 |
Sell | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.59 | 1.59 | 1.63 | 1.63 | 1.66 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
8/1/2024 | Scotiabank | Nicholas W Altmann | Hold | Hold |
8/1/2024 | Truist Securities | Miller W Jump | Strong Buy | Strong Buy |
8/1/2024 | D.A. Davidson | Rudy Kessinger | Strong Buy | Strong Buy |
8/1/2024 | KeyBanc Capital Markets | Eric Heath | Hold | Hold |
7/31/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
7/30/2024 | Cowen & Co. | Derrick Wood | Strong Buy | Strong Buy |
7/30/2024 | Needham & Company | Michael J Cikos | Moderate Buy | Moderate Buy |
7/16/2024 | Mizuho SecuritiesUSA | Gregg Moskowitz | Strong Buy | Strong Buy |
7/11/2024 | Capital One Securities | Connor Murphy | Strong Buy | Strong Buy |
6/11/2024 | Evercore Partners | Chirag Ved | Not Available | Strong Buy |
5/17/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
5/9/2024 | Goldman Sachs | Kasthuri G Rangan | Hold | Hold |
5/8/2024 | Loop Capital Markets | Yun Kim | Hold | Hold |
5/8/2024 | JMP Securities | Patrick D Walravens | Strong Buy | Strong Buy |
5/8/2024 | Not Identified | Not Identified | Moderate Buy | Moderate Buy |
5/8/2024 | Canaccord Genuity | Kingsley W Crane | Hold | Strong Buy |
5/8/2024 | Wells Fargo Securities | Michael J Turrin | Strong Buy | Strong Buy |
5/8/2024 | Guggenheim Securities | Howard Ma | Strong Buy | Strong Buy |
5/8/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
5/7/2024 | William Blair | Jason N Ader | Strong Buy | Strong Buy |
5/7/2024 | Piper Sandler | Rob D Owens | Strong Buy | Strong Buy |
5/3/2024 | Not Identified | Not Identified | Hold | Hold |
2/5/2024 | UBS | Karl E Keirstead | Hold | Hold |
11/28/2023 | Not Identified | Not Identified | Not Available | Strong Buy |
11/3/2023 | Not Identified | Not Identified | Hold | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.59 |
ABR (Last week) | 1.59 |
# of Recs in ABR | 29 |
Average Target Price | $30.78 |
LT Growth Rate | NA |
Industry | Technology Services |
Industry Rank by ABR | 83 of 253 |
Current Quarter EPS Est: | 0.05 |