On May 1, 2025, DA Davidson released an updated analyst report on Confluent (CFLT, Financial), a leading data streaming platform. The analyst, Rudy Kessinger, has maintained a 'Buy' rating for the stock, indicating continued confidence in Confluent's market potential.
However, the firm has lowered its price target for Confluent (CFLT, Financial) from USD 42.00 to USD 28.00. This represents a significant decrease of 33.33% in the expected stock price. The adjustment reflects a reassessment of market conditions or company performance factors, although specific reasons were not detailed in the report.
Despite the lowered price target, DA Davidson's consistent 'Buy' rating suggests that the firm's overall long-term outlook for Confluent (CFLT, Financial) remains positive. Investors in the tech sector are encouraged to consider this information when evaluating their portfolios. As of the latest update, the stock remains listed on the NASDAQ exchange under the ticker 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 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.
