As of this week’s close, cflt stock price hovered near $29.85, reflecting a rebound from last quarter’s low of $ Confluent, Inc. (NASDAQ:CFLT)'s Q1 2024 earnings call also shared more details about its customer retention and recurring revenue with management sharing: The bank viewed Confluent as establishing "the standard for data streaming in an AI world." This positive outlook was supported by the company's solid financial performance, which included a reported 23% year-over-year revenue growth. Adding to the positive news, Confluent also announced a new multi-year partnership with the Visa Cash App Racing Bulls Formula 1 team. The collaboration aimed to bring Confluent's data streaming platform to the high-stakes environment of Formula 1, providing the racing team with real-time information to inform its decisions. New partnerships announced in the cloud infrastructure arena could push cflt stock price beyond its 50-day average, currently standing near $28.
