Reported 20 days ago
Confluent (NASDAQ: CFLT), a leading provider of data streaming technology, sees strong growth potential despite its stock being down 72% from its peak in 2021. The company is benefiting from increasing demand for data streaming, particularly as AI technology becomes more integrated into businesses. With a projected market opportunity of $100 billion and impressive revenue growth of 25% in Q3 2024, the stock has received a bullish consensus from Wall Street analysts, signaling it may be a prime buying opportunity for investors.
Source: YAHOO