pixdeluxe/E+ via Getty Images Investment Thesis Confluent, Inc. (NASDAQ:CFLT) is a contentious stock. The business's growth rates are moderating. More specifically, despite management declaring that this business can grow at 30% CAGR, including the presumption of revenue beats each quarter of 2024, its growth rates will still be sub 30%. However, Confluent's underlying profitability is expected to ramp up significantly in 2024, so that investors can see a path for Confluent to exit 2024 with 4% non- GAAP op ...