Is Confluent (CFLT) the Best Undervalued AI Stock to Buy Now? [Yahoo! Finance]
Confluent, Inc. - Class A (CFLT)
Company Research
Source: Yahoo! Finance
Brad Gerstner, the founder of Altimeter Capital , has been a major believer in AI and tech stocks in general. Recently, the 53-year-old hedge fund manager shared some interesting data points highlighting the importance of tech stocks during an interview with Scott Galloway's YouTube channel. “Since 2014 technology earnings have compounded at 16% and technology stocks have compounded at 18%. Non-tech earnings have compounded at about 4% and stocks at about 6%. So if you look at the long run of technology since 2005 it's gone from 5% of global GDP to 15% of global GDP,” Gerstner said. Gerstner, whose firm manages about $10 billion in assets, emphasized during the interview that the risk of not investing in AI is higher than the risk of investing. He was addressing the market concerns about ROI on AI spending. “As a professional investor, we're just trying to determine what level of asymmetry what level of enthusiasm or exuberance is baked into these stocks and what are we seeing
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High impacting Confluent, Inc. - Class A news events
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CFLT
News
- Confluent, Inc. (NASDAQ: CFLT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $31.00 price target on the stock.MarketBeat
- Oscilar Launches Revolutionary Device and Behavioral Intelligence Solution to Combat AI-Powered FraudPR Newswire
- Confluent to Present at Upcoming Investor ConferencesBusiness Wire
- Confluent (CFLT) Crossed Above the 200-Day Moving Average: What That Means for Investors [Yahoo! Finance]Yahoo! Finance
- Confluent, Inc. (NASDAQ: CFLT) had its price target raised by analysts at Scotiabank from $25.00 to $27.00. They now have a "sector perform" rating on the stock.MarketBeat
CFLT
Earnings
- 10/30/24 - Beat
CFLT
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- CFLT's page on the SEC website