Is Confluent Stock a Buy, Sell, or Hold?

By Parkev Tatevosian, CFA – Sep 20, 2023 at 4:32PM

NASDAQ: CFLT

Confluent

Market Cap

$10B

Today's Change

(-1.50%) -$0.48

Current Price

$31.54

Price as of May 21, 2024, 4:00 p.m. ET

The data streaming company is growing revenue, but profits remain elusive.

Fool.com contributor Parkev Tatevosian considers if Confluent (CFLT -1.50%) stock is an excellent buy at current valuations.

*Stock prices used were the afternoon prices of Sept. 18, 2023. The video was published on Sept. 20, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Confluent. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.