Is It Too Late to Chase the IBM-Driven Rally in Confluent Stock?
Yahoo Finance·2025-12-09 05:23

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 11billionincash.IBMsproposalvalueseachCFLTshareatahugepremiumof11 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.” More News from Barchart Despite the aforementioned surge, Confluent stock remains down over 20% versus its year-to-date high set in ...