Where is Confluent (CFLT) Headed According to Analysts?

Confluent, Inc. (NASDAQ:CFLT) is one of the best stocks under $20 to buy for the long term. On August 19, William Blair analyst Jason Ader maintained a Buy rating on Confluent, Inc. (NASDAQ:CFLT) without assigning a price target.

Confluent (CFLT) Expands Cloud Capabilities for Faster, Smarter Agentic AI

A team of consultants in suits, discussing the importance of stream governance for real-time data.

However, Citi analyst Tyler Radke lowered the firm’s price target on Confluent, Inc. (NASDAQ:CFLT) to $20 from $30 on August 4, keeping a Neutral rating on the shares.

The analyst told investors in a research note that Confluent, Inc. (NASDAQ:CFLT) reported a challenging Q2, with cloud optimization from its top 20 customers pressuring the outlook.

The firm added that it expects the company’s cloud growth to remain pressured into the first half of 2026, supporting the cautious outlook.

Confluent, Inc. (NASDAQ:CFLT) is involved in the creation of a data infrastructure platform focused on data in motion. The company’s products include Confluent Platform, WarpStream BYOC, Confluent Cloud, Connectors, Flink, Stream Governance, and Confluent Hub.

It offers multi-data center, application architecture engagement, Amazon Web Services cloud deployment services, and security and upgrade engagement.

While we acknowledge the potential of CFLT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CFLT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.