Wedbush maintains an "Outperform" rating on IBM, setting a 12-month price target of $300, following insights from IBM's 2025 Investor Day. The report highlights IBM's strategic focus on hybrid cloud and AI, with the company poised to leverage a significant shift in demand. IBM's AI initiatives, including the GenAl book of business exceeding $5 billion, are central to its growth strategy, with AI expected to
International Business Machines Corp. (IBM) has provided an optimistic revenue growth outlook that has exceeded market expectations, primarily driven by the expansion of its software business. During a presentation on February 4th, IBM's Chief Financial Officer Jim Kavanaugh announced that the company anticipates long-term sales to grow by more than 5% annually. This forecast surpasses the average analyst p
Wedbush has initiated coverage on IBM with an "Outperform" rating and a price target of $300, reflecting a bullish outlook on the company's growth trajectory under CEO Arvind Krishna. The report highlights IBM's strategic positioning for an "AI turnaround for the ages," suggesting that the company is well-placed to capitalize on emerging tech trends over the next 12 to 18 months. This optimism is part of a
BofA Global Research maintains a "Buy" rating on IBM, raising the price objective to $270 from $260, driven by strong free cash flow (FCF) potential in 2025 despite a weaker revenue guide. IBM's Q4 2024 results slightly exceeded expectations, with revenue at $17.6 billion and EPS at $3.92, supported by a robust software segment, particularly Red Hat, which grew 16% y/y. However, consulting and infrastructur
International Business Machines (IBM) reported fourth-quarter results that exceeded analysts' expectations, driving a surge in its stock price. The company posted adjusted earnings per share of $3.92, surpassing the anticipated $3.78, while revenue rose 2% on a constant currency basis to $17.56 billion, aligning with consensus estimates. A key driver of the positive sentiment was IBM's strong forecast for 2
International Business Machines Corp. (IBM) reported its fourth-quarter 2024 earnings, showcasing better-than-expected sales and profit figures, largely driven by its expanding generative AI business. The company achieved a 1% increase in revenue to $17.6 billion, with software revenue climbing 10%, bolstered by a 16% rise in Red Hat sales. IBM's generative AI bookings have surged to over $5 billion, markin
BofA Global Research maintains a "Buy" rating on IBM, raising the price objective to $260 from $250, driven by expectations of a strong 2025 with 7% constant currency growth and free cash flow (FCF) of $12.6 billion. The report anticipates IBM's upcoming Investor Day to provide a bullish update on mid-term targets, with a focus on software growth, particularly from Red Hat Technologies, and the integration
IBM's recent announcement of its partnership with the State of Illinois to establish the National Quantum Algorithm Center in Chicago has captured the attention of investors. This collaboration marks a significant step in Illinois' ambition to become a global leader in quantum computing. The center, which will be part of the Illinois Quantum and Microelectronics Park, will be anchored by IBM's next-generati
International Business Machines Corporation (IBM) saw its stock rise by 1.4% to close at $238.04 on December 6, 2024, reaching a new 52-week high of $238.38 during the trading session. The stock opened at $234.43 and experienced a steady climb throughout the day, supported by a volume of 3,025,294 shares, which is about 71.25% of its average daily volume. The upward movement was largely driven by positive s
Reddit discussions have been buzzing with excitement over a recent announcement involving IBM and QANX, a lesser-known cryptocurrency. The partnership is seen as a significant development for QANX, potentially paving the way for its mainnet launch and staking capabilities. One user expressed enthusiasm, noting that such news could take time to attract buyers but sets the stage for future growth. Another use
Discussions on Reddit about International Business Machines Corporation (IBM) have been focused on the company's hiring process and workplace culture. Many users expressed frustration with the lengthy and unresponsive hiring process, with one user stating, "I gave an interview FIVE WEEKS AGO and still didn't hear back anything." This sentiment was echoed by others who shared similar experiences of being "gh
International Business Machines Corporation (IBM) saw its stock rise by 1.96% to close at $233.49 on December 4, 2024, following a day of active trading that nearly matched its average volume. The stock opened at $230.00 and reached a high of $233.74, buoyed by positive sentiment surrounding its advancements in quantum computing and strategic partnerships. Notably, IBM's recent collaboration with QANplatfor
International Business Machines Corporation (IBM) is currently a focal point in the quantum computing sector, as highlighted in a recent Reddit discussion. The company is recognized for its pioneering efforts, particularly with its Quantum System One and the recent development of a 433-qubit processor named Osprey. IBM's strategic focus on industries such as pharmaceuticals, logistics, and artificial intell
International Business Machines Corporation (IBM) saw its stock rise by 1.42% to close at $226.13 on November 25, 2024, amid a broader market rally. The stock opened at $223.35 and reached a high of $226.41, with trading volume significantly above average at 7,023,307 shares, indicating heightened investor interest. While there was no specific company news driving IBM's price movement, the overall positive
International Business Machines Corporation (IBM) shares have seen a modest increase of 0.73% to $224.60 as of November 25, 2024. However, there is no specific news today explaining this price movement. The stock's slight uptick could be attributed to general market trends or investor sentiment rather than any particular announcement or event. On Reddit, discussions about IBM are varied, with some users fo
International Business Machines Corporation (IBM) saw its stock rise by 3.63% to close at $222.40 on November 21, 2024, following a day of heightened trading activity with volume reaching 4,396,541 shares, surpassing the average daily volume. The stock opened at $215.81 and reached an intraday high of $222.62, driven by positive sentiment surrounding IBM's strategic initiatives in artificial intelligence (A
International Business Machines Corporation (IBM) shares are up 2.14% to $219.20 as of 10:59 am on Thursday, compared to its previous close of $214.60. The stock's rise comes amid growing interest in IBM's strategic initiatives in artificial intelligence (AI) and recent insider buying activity. On November 13th, board member Alfred W. Zollar purchased 936 shares of IBM at an average price of $210.6185, mark
International Business Machines Corporation (IBM) stock is down 0.6% in pre-market trading as of 7:45 AM on November 19, 2024, to $206.85. The company recently announced an expansion of its AI accelerator offerings, including a new collaboration with AMD. This news has generated positive sentiment among Reddit users, with IBM receiving 100% positive comments in the last 24 hours. However, discussions on Red
IBM (IBM) shares are down 0.24% to $204.50 in pre-market trading as of 7:46 AM on November 18, 2024, as investors continue to debate the company's AI strategy and competitiveness in the rapidly evolving market. Despite IBM's early lead with Watson, Reddit users are expressing skepticism about the company's current AI offerings. One user commented, "It's funny because IBM got a huge head start with Watson wh
International Business Machines Corporation (IBM) stock is down 0.3% in pre-market trading as of 7:46 AM on November 13, 2024, to $210.23. The company is reportedly in negotiations with Amazon Web Services for a $500 million deal to supply IBM with Nvidia GPUs, signaling a significant investment in AI capabilities. This news has sparked discussions on Reddit about IBM's strategic direction and its position