CFLT - 2 Cloud Data Stocks Wall Street Says to Buy Right Now
Wall Street analysts don't always get things right, but in the throes of a bear market, it can be useful to watch what the professionals are saying. With the market down and long-term investors looking to put their money to work so they can take advantage of the eventual recovery, finding a consensus opinion can make the difference in what gets picked.
Plenty of high-growth stocks are trading near their 52-week lows amid soaring inflation, rising interest rates, and worries about recession. Two growth stocks, in particular, have the attention of Wall Street analysts because their business models and potential markets show so much promise.
Analysts tracked by The Wall Street Journal have consensus overweight ratings on both Confluent (NASDAQ: CFLT) and Splunk (NASDAQ: SPLK) . An overweight rating suggests investors should allocate a larger-than-average portion of their stock purchases to each company. Not a single analyst recommends selling either of them. Here's why.
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2 Cloud Data Stocks Wall Street Says to Buy Right Now