What 19 Analyst Ratings Have To Say About Confluent
Portfolio Pulse from Benzinga Insights
Confluent (NASDAQ:CFLT) has received 19 analyst ratings in the last quarter, with an average price target of $29.16, representing an implied upside from the current price of $19.13. The ratings include 6 bullish, 9 somewhat bullish, 3 indifferent, 1 somewhat bearish, and 0 bearish. The current average price target is a 28.0% decrease from the previous average of $40.50. Analysts typically review stocks quarterly or after major company updates, and their ratings are based on financial predictions and company risk assessments.
November 28, 2023 | 5:00 pm
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Confluent has an average analyst price target of $29.16, indicating a potential upside from its current price of $19.13. The consensus includes a mix of bullish and somewhat bullish ratings, with a notable decrease in the average price target from the previous $40.50.
The average price target suggests analysts believe CFLT has room to grow, which could positively influence investor sentiment and the stock price in the short term. However, the decrease in the target from $40.50 to $29.16 may reflect a tempered optimism or new information that could limit the upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100