10 High Flying AI Stocks This Week

8. Confluent, Inc. (NASDAQ:CFLT)

Number of Hedge Fund Holders: 49

Confluent, Inc. (NASDAQ:CFLT) operates a data streaming platform in the United States and internationally that allows organizations to continuously stream, connect, process, and manage data in real-time across various systems.  On March 10, Loop Capital analyst Yun Kim lowered the firm’s price target on the stock to $30 from $34 and kept a “Hold” rating on the shares. The rating, issued after the company’s Investor Day presentation, illustrates the management’s confidence on Confluent being one of the best positioned software companies in the current age of AI. The price target reduction, however, reflects multiple compressions in the market and its software peer group over the past month.