Hashicorp surges as IBM closing in on takeover deal, WSJ says

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IBM (IBM) PT Lowered to $179 at Morgan Stanley, 'shares are largely fair valued'

April 25, 2024 6:36 AM EDT

Morgan Stanley analyst Erik Woodring lowered the price target on IBM (NYSE: IBM) to $179.00 (from $186.00) while maintaining a Equalweight rating.

The analyst comments "IBM reported 1Q rev/EPS roughly in-line with MSe, and reiterated CY24 guidance (in CC). However, emerging Consulting weakness, a... More

Truist Securities Downgrades HashiCorp Inc (HCP) to Hold

April 25, 2024 5:10 AM EDT

Truist Securities analyst Miller Jump downgraded HashiCorp Inc (NASDAQ: HCP) from Buy to Hold with a price target of $35.00 (from $27.00).

The analyst comments "We see the announcement as a positive outcome for HashiCorp shareholders. The company has continued to work through a... More

Evercore ISI Comments on IBM (IBM) Earnings

April 24, 2024 4:52 PM EDT

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $215.00 price target on IBM (NYSE: IBM).

The analyst comments "We think the print is fairly strong specially the software inflection. Questions will be around Consulting deceleration here (~2% in march-qtr vs. 5% in Dec-qtr). In... More

HashiCorp Inc (HCP) PT Raised to $32 at BofA Securities

April 24, 2024 9:11 AM EDT

BofA Securities analyst Brad Sills raised the price target on HashiCorp Inc (NASDAQ: HCP) to $32.00 (from $28.00) while maintaining a Neutral rating.

The analyst comments "The Wall Street Journal reported today (unconfirmed) that IBM is finalizing a potential acquisition of HashiCorp. HashiCorp shares... More

BTIG Downgrades HashiCorp Inc (HCP) to Neutral

April 24, 2024 5:17 AM EDT

BTIG analyst Gray Powell downgraded HashiCorp Inc (NASDAQ: HCP) from Buy to Neutral.

The analyst comments "We are downgrading HCP shares to Neutral because we now see a balanced risk reward after the stock's recent run following M&A speculation. To go into detail,... More