On May 1, 2025, Needham analyst Mike Cikos issued an updated stock analysis on Confluent (CFLT, Financial), maintaining a 'Buy' rating while significantly lowering the price target. The price target for Confluent (CFLT) has been adjusted from a previous value of $40.00 USD to a new target of $26.00 USD, indicating a reduction of approximately 35%.
The adjustment in price target suggests a more cautious outlook on Confluent's stock performance, although the maintained 'Buy' rating indicates confidence in the company's long-term growth potential. The revision in price target reflects updated market conditions and company performance metrics pertinent to Confluent (CFLT, Financial).
Investors should note that while the price target has been cut, the 'Buy' rating still signals an optimistic stance by Needham on the potential returns of Confluent (CFLT, Financial) shares. The reassessment by analyst Mike Cikos is expected to guide market participants on their investment decisions regarding Confluent (CFLT).
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.
