“It’s No Nvidia, But This Tech Company Is Targeting 325% Earnings Growth In 2024”
March 4, 2024
“While artificial intelligence giant Nvidia (NVDA) has electrified the stock market, shares of another tech player — software company Confluent (CFLT) — shot up by double digits this year. Now, as the company sees 325% profit growth in 2024, Confluent stock is rising as another option in the AI space…
…the company projects 2024 revenue totaling $950 million, representing a 22% increase compared with 2023. Confluent also sees earnings ballooning 325% to 17 cents from 4 cents in 2023. Both sales and earnings are roughly in line with current Wall Street views…”