Loop Capital has revised its price target for Confluent (CFLT, Financial), adjusting it downward from $30 to $22. Despite maintaining a Hold rating on the stock, the firm cites industry data suggesting stable cloud consumption trends in the recent quarter. However, there were no new insights indicating significant changes or surprises in Confluent's current business performance.
The analysis highlights a consistent trend in the company's business activities, with expectations for continuity from previous quarters' patterns. Investors are advised to be aware that while the cloud market appears steady, further developments could influence future evaluations of Confluent's stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for Confluent Inc (CFLT, Financial) is $35.40 with a high estimate of $42.00 and a low estimate of $25.00. The average target implies an upside of 71.51% from the current price of $20.64. 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 $43.46, suggesting a upside of 110.56% from the current price of $20.64. 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.
