Analyst Price Target is $31.78
▲ +28.65% Upside Potential
This price target is based on 16 analysts offering 12 month price targets for Confluent in the last 3 months. The average price target is $31.78, with a high forecast of $55.00 and a low forecast of $21.00. The average price target represents a 28.65% upside from the last price of $24.70.
Current Consensus is
The current consensus among 16 investment analysts is to buy stock in Confluent. This rating has held steady since September 2021, when it changed from a Hold consensus rating.
Confluent, Inc. operates a data streaming platform in the United States and internationally. It offers Confluent Cloud, a managed cloud-native service for connecting and processing data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data in real-time with the foundational platform for data in motion. It also provides Kafka Connect that enables to build connectors to integrate Apache Kafka with other apps and data systems; ksqlDB, a database for stream processing applications; and stream governance, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of real-time data without bypassing requirements for risk management and regulatory compliance. In addition, it also offers training and professional services. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.