Evercore ISI Adds IBM (IBM) to Tactical Outperform List

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Bernstein SocGen Group Reiterates Market Perform Rating on IBM (IBM), 'We see potential for modest revenue upside '

July 17, 2024 6:02 AM EDT

Bernstein SocGen Group analyst Toni Sacconaghi reiterated a Market Perform rating and $185.00 price target on IBM (NYSE: IBM).

The analyst comments "We see potential for modest revenue upside for Q2: while the acquisition of Software AG assets did not close (as anticipated) in the quarter, currency is a modest tailwind, consensus numbers appear reasonable, and we see some potential improvement in consulting demand.... More

HashiCorp, Inc (HCP) Shareholders Vote to Approve Transaction with IBM (IBM)

July 15, 2024 4:06 PM EDT

HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced that at the Special Meeting of Stockholders (the Special Meeting) held earlier today, based on preliminary voting results, HashiCorp stockholders voted to approve the acquisition of HashiCorp by IBM... More

BofA Securities Comments on IBM (IBM) Ahead of Earnings

July 15, 2024 9:36 AM EDT

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $209.00 price target on IBM (NYSE: IBM).

The analyst comments "IBM reports F2Q after market close on Wed, July 24th. Shares are +12% YTD and have materially underperformed the SPX index (+18%... More