1 Unstoppable Stock Down 66% to Buy Hand Over Fist, According to Wall Street
Data streaming is the technology behind many of your real-time experiences on the internet. It powers the live inventory information you see when you shop online, and your favorite sports betting platform uses it to feed live odds directly to your smartphone.
Confluent (NASDAQ: CFLT) leads the data streaming industry. The company just reported its financial results for the 2023 fourth quarter and full year, and investors sent its stock soaring. It's already sitting on a 39% gain in 2024, but it remains 66% below its all-time high, so it still has plenty of ground to make up.
The Wall Street Journal tracks 30 analysts covering Confluent stock, and the majority have given it the highest possible buy rating. Not a single one recommends selling. Here's why this is an instance investors should follow Wall Street's advice.
Source Fool.com
