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Wajeeh Khan

Is It Too Late to Chase the IBM-Driven Rally in Confluent Stock?

Confluent IBM CFLT

Confluent (CFLT) shares closed nearly 30% higher on Monday morning after International Business Machines (IBM) said it’s buying the California-based data streaming platform for $11 billion in cash. 

IBM’s proposal values each CFLT share at a huge premium of $31. According to its press release, “Confluent has the most capable technology to unlock the real-time value of data.”

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