IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition

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

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

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

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

IBM (IBM) Tops Q1 EPS by 10c, misses on revenue; offers guidance

IBM (NYSE: IBM) reported Q1 EPS of $1.68, $0.10 better than the analyst estimate of $1.58. Revenue for the quarter came in at $14.46 billion versus the consensus estimate of $14.51 billion.

Full-Year 2024 Expectations

Revenue: The company continues to expect constant currency revenue growth consistent with its mid-single... More

IBM (IBM) to Acquire HashiCorp (HCP) for $35/sh Cash or $6.4B

IBM (NYSE: IBM) and HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.... More