On May 1, 2025, Canaccord Genuity analyst Kingsley Crane maintained a 'Buy' rating on Confluent (CFLT, Financial). However, the firm has lowered its price target for the stock from $38.00 to $32.00 USD. This adjustment represents a 15.79% decrease in the price target.
The decision to maintain the 'Buy' rating suggests that Canaccord Genuity continues to see potential upside for Confluent (CFLT, Financial) despite the reduced price target. Investors should note the updated price target as part of their due diligence when considering Confluent (CFLT) as a potential investment opportunity.
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 58.60% from the current price of $19.44. 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 126.85% from the current price of $19.44. 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.
