This Growth Stock Has Gone Parabolic, and It Can Still Go Higher Thanks to a Massive Addressable Market
CFLTConfluent(CFLT) The Motley Fool·2024-11-15 18:14

Investors looking for a growth stock may be tempted to buy this company, but they shouldn't ignore one key factor.Data streaming platform provider Confluent (CFLT -1.62%) is seeing a remarkable turnaround in its fortunes on the stock market of late. After rising rapidly earlier in 2024, the stock started going downhill and was underperforming the broader technology sector recently, but it has made a huge jump since the beginning of October.More specifically, Confluent stock is up 45% since Oct. 1 (as of thi ...