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1 Magnificent Growth Stock Down 62% to Buy Hand Over Fist, According to Wall Street
The S&P 500 (SNPINDEX: ^GSPC) continues to set new record highs, extending the raging bull market which began when the index bottomed in October 2022. However, not every stock has followed along.Confluent (NASDAQ: CFLT) stock is still trading 62% below its best-ever level which was set during the tech frenzy in 2021. It was undeniably overvalued back then, but the company's industry-leading data streaming technology has found a new use case thanks to artificial intelligence (AI), so now might be a great time for investors to buy.In fact, the majority of the analysts tracked by The Wall Street Journal have assigned the highest-possible buy rating to Confluent stock, and not a single analyst recommends selling. Continue reading
The S&P 500 (SNPINDEX: ^GSPC) continues to set new record highs, extending the raging bull market which began when the index bottomed in October 2022. However, not every stock has followed along.
Confluent (NASDAQ: CFLT) stock is still trading 62% below its best-ever level which was set during the tech frenzy in 2021. It was undeniably overvalued back then, but the company's industry-leading data streaming technology has found a new use case thanks to artificial intelligence (AI), so now might be a great time for investors to buy.
In fact, the majority of the analysts tracked by The Wall Street Journal have assigned the highest-possible buy rating to Confluent stock, and not a single analyst recommends selling.
