From Nasdaq: 2025-02-19 08:10:00

The S&P 500 is reaching record highs, but Confluent stock is trading 62% below its peak. Analysts are bullish on Confluent, with no sell ratings. Data streaming technology is crucial for modern businesses, with Confluent’s platform being utilized in various industries like sports betting, retail, and AI. Confluent’s revenue grew by 26% in 2024, with an impressive customer base. Despite losses, the company is making progress towards profitability. Wall Street remains optimistic about Confluent’s potential, with a price target of $37.62 and a P/S ratio of 11.6. Investors should consider a long-term view due to the company’s significant addressable market. The Motley Fool Stock Advisor team highlights 10 stocks for investors, but Confluent isn’t on the list. Investors are advised to consider the potential for high returns with a long-term investment strategy. John Mackey, former CEO of Whole Foods Market, sits on The Motley Fool’s board of directors. The Motley Fool has positions in Amazon, Netflix, and Walmart, and recommends Confluent.



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