CFLT - Want to Get Richer? 2 Growth Stocks to Buy Before They Skyrocket
2023-09-30 11:00:00 ET
For over a decade, high-growth technology stocks have been lucrative investments. However, a shift in investor preference from growth to value stocks, increasing interest rates to counter the rising inflation, and recessionary pressures seem to have taken a toll on the share prices of several such companies.
Some of these stocks, such as Confluent (NASDAQ: CFLT) and MongoDB (NASDAQ: MDB) , are making a major comeback in 2023, thanks to their robust fundamentals and noteworthy competitive edges. Here's why these stocks seem well poised for significant gains in the coming years.
Shares of data streaming platform provider Confluent surged by nearly 16% in a single day after the company reported its second-quarter earnings performance, with revenues and adjusted earnings surpassing analyst estimates and its own financial guidance. The company ended the second quarter with 4,830 customers , up 17% year over year.
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Want to Get Richer? 2 Growth Stocks to Buy Before They Skyrocket