According to the International Data Corporation, 90% of the world's 1,000 largest companies will use data streaming by 2025. Confluent (NASDAQ: CFLT) is a leader in the industry, and it believes its opportunity is worth $60 billion right now -- considering the company is valued at just $5.4 billion, that implies a long runway for growth.

Data streaming is a relatively new technology born from the cloud computing revolution, but every investor should understand it. Don't worry, I'll explain how it works in a moment.

One thing is clear: Wall Street is very bullish on the opportunity. The Wall Street Journal tracks 27 analysts covering Confluent stock, and the majority have given it the highest-possible buy rating. Not a single one recommends selling. Given the stock trades 81% below its all-time high, here's why now might be the time for investors to follow Wall Street's lead.

Continue reading

Source Fool.com