IBM Introduces Granite 3.0: High Performing AI Models Built for Business
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Evercore ISI Reiterates Outperform Rating on IBM (IBM)
October 22, 2024 5:40 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $240.00 price target on IBM (NYSE: IBM)
The analyst comments "ALL YOU NEED TO KNOW: IBM will report Sept-qtr results on Wednesday October 23 after market close and we expect the company to report moderate upside vs. consensus revenue/EPS estimates ($15.0B/$2.22). Our sense is that, overall IT spending fundamentals are stable/improving while AI should create another layer of incremental consulting demand. In addition, IBM... More
