“`html
Shares of Confluent Inc (CFLT) recently surpassed the average analyst 12-month target price of $27.94, trading at $28.47 per share. This movement prompts analysts to consider either downgrading the stock due to valuation or adjusting their target prices higher based on the company’s fundamentals.
Among 18 analysts covering Confluent, targets vary significantly: one analyst sets a price target as low as $20.00, while another has a high target of $36.00. The standard deviation among these targets is $3.887. Currently, the analysts assigned 14 strong buy ratings and 7 hold ratings, with no sell ratings recorded.
“`
