CFLT - 1 Magnificent Growth Stock to Buy Hand Over Fist Before It Soars 48%
2023-11-08 10:12:00 ET
Shares of Confluent (NASDAQ: CFLT) were in the doghouse last week following the release of the company's third-quarter results after the market closed on Nov. 1, crashing nearly 44% in a single session.
Investors were quick to press the panic button because of its weaker-than-expected guidance. However, Confluent stock rose 9% the following day, suggesting savvy investors took advantage of its post-earnings crash to buy more shares. That's not surprising, as Confluent sits on a huge end-market opportunity that should allow it to sustain impressive levels of growth for a long time to come.
As shares of the data streaming platform provider now trade at an attractive valuation, it makes sense for investors to buy the stock -- it should be capable of delivering robust long-term upside. Let's take a look at the reasons why.
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1 Magnificent Growth Stock to Buy Hand Over Fist Before It Soars 48%