10 Best Stocks Under $20 to Buy for the Long Term

2. Confluent, Inc. (NASDAQ:CFLT)

Stock Price: $17.28

5-Year Revenue Growth Rate: 45.10%

Number of Hedge Fund Holders: 50

Confluent, Inc. (NASDAQ:CFLT) is one of the best stocks under $20 to buy for the long term. On August 19, William Blair analyst Jason Ader maintained a Buy rating on Confluent, Inc. (NASDAQ:CFLT) without assigning a price target.

However, Citi analyst Tyler Radke lowered the firm’s price target on Confluent, Inc. (NASDAQ:CFLT) to $20 from $30 on August 4, keeping a Neutral rating on the shares.

The analyst told investors in a research note that Confluent, Inc. (NASDAQ:CFLT) reported a challenging Q2, with cloud optimization from its top 20 customers pressuring the outlook.

The firm added that it expects the company’s cloud growth to remain pressured into the first half of 2026, supporting the cautious outlook.

Confluent, Inc. (NASDAQ:CFLT) is involved in the creation of a data infrastructure platform focused on data in motion. The company’s products include Confluent Platform, WarpStream BYOC, Confluent Cloud, Connectors, Flink, Stream Governance, and Confluent Hub. It offers multi-data center, application architecture engagement, Amazon Web Services cloud deployment services, and security and upgrade engagement.