Confluent

CFLT · NASDAQ

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CFLT analyst rating

HoldConsensus of 23 analysts over the last 12 months. 26% rate it a buy.

Strong buy0
Buy6
Hold17
Underperform0
Sell0

12-month price target · 26 analysts

Average $30.82

Low: $24.24
High: $33.60

Upgrades and downgrades

The latest rating actions, newest first

CFLT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Bernstein	Jan 23, 2026	Downgrade	Outperform → Market Perform	$31.00	78%
Citizens	Jan 9, 2026	Downgrade	Market Outperform → Market Perform	—	48%
Guggenheim	Dec 10, 2025	Downgrade	Buy → Neutral	—	71%
Citigroup	Dec 9, 2025	Maintains	Neutral	$26.00 → $31.00	56%
DA Davidson	Dec 9, 2025	Downgrade	Buy → Neutral	$29.00 → $31.00	61%
Canaccord Genuity	Dec 9, 2025	Downgrade	Buy → Hold	$27.00 → $31.00	60%
Raymond James	Dec 9, 2025	Downgrade	Outperform → Market Perform	—	100%
Oppenheimer	Dec 9, 2025	Downgrade	Outperform → Perform	—	67%
UBS	Dec 9, 2025	Downgrade	Buy → Neutral	$29.00 → $31.00	73%
Baird	Dec 9, 2025	Maintains	Neutral	$26.00 → $31.00	74%

The case for and against

Updated Mar 13, 2026

Bull case

Confluent Inc has demonstrated a significant improvement in profitability, with guidance indicating an increase of more than 41 percentage points in EBIT margin over the past two years, and aims to achieve breakeven by the fourth quarter of 2023. The company has also experienced strong growth metrics, including a 35-point increase in net revenue retention for cloud customers utilizing three or more Data Streaming Platform features, coupled with a substantial growth in its late-stage pipeline, which rose more than 40% quarter-over-quarter for the second consecutive quarter. Furthermore, the operational enhancements under the new Chief Revenue Officer, including improved sales coverage ratios and the establishment of a dedicated team for DSP specialists, are viewed positively in reinforcing durable revenue growth for the future.

Bear case

Confluent Inc faces a negative outlook primarily due to its reliance on continued increases in usage from existing customers, as a slowdown in this area could adversely affect growth rates and overall financial performance. Key investor metrics, such as calculated Remaining Performance Obligations (cRPO) growth and Dollar-Based Net Retention Rates, are showing signs of deterioration, which may contribute to a contraction in the company's valuation multiple. Additionally, competitive risks from established players and significant indebtedness could impair Confluent's liquidity and financial condition, further weighing on investor sentiment.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.