US20717M1036 - Common Stock
On Thursday, Confluent stock got an upgrade for its IBD SmartSelect Composite Rating to 96, up from 94 a day ago.
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Confluent trades at $30.88 per share and has stayed right on track with the overall market, gaining 10.9% over the last six months. At the same time, the S&P 500 has returned 11.5%.
Confluent stock is up 5% and flirting with a breakout above a handle buy point as investors return to enterprise software stocks.
MongoDB stock and shares of fellow data software firm Elastic jumped after Snowflake reported strong results.
Confluent's sales are rising rapidly amid rapid adoption of the highly ranked software maker's cloud-based AI-driven platform.
Investors looking for a growth stock may be tempted to buy this company, but they shouldn't ignore one key factor.
On Thursday, Confluent stock received an upgrade to its Relative Strength (RS) Rating, to 78 from 70 a day ago.
Small-cap Confluent is no flash in the pan. It's been growing rapidly. Over the last year it reported EPS gains ranging from 156% to 500%.
Data streaming represents a big opportunity for investors, especially as artificial intelligence adoption grows.
CFLT earnings call for the period ending September 30, 2024.
We think these two stocks can deliver massive returns for long-term investors.
These stocks are trading at attractive valuations relative to their history, especially in light of their opportunities in the artificial intelligence space.