The International Business Machines Corporation (IBM) has been making significant appearances in the news lately. The company is getting attention for a number of reasons including financial performance, stock trading, and investment interest. As per some news pieces, the financial standing of IBM for third-quarter 2024 is set to be announced soon. Some reports suggest that the company's stock has seen a downward trend likely prompting investors to offload their holdings. However, IBM also saw a new 52-week high following an analyst upgrade and has received an average recommendation to 'hold'.
IBM is also being viewed as a top AI and Cloud stock for 2025 with the tech firm focusing heavily on optimizing its AI capabilities. In the wake of these activities and perceptions, the RBC has raised IBM's price target to $250. Another point of interest is the fact that CEO Arvind Krishna is reported to have reinvented the company which has attracted hedge funds betting big on their AI-powered growth and robust dividend yields. There is also anticipation surrounding the expansion of IBM's Quantum Data Center and news circulating about IBM's entering into a joint venture with Palo Alto Networks to provide AI-powered security offerings.
International Business Machines Corporation IBM News Analytics from Mon, 12 Feb 2024 08:00:00 GMT to Sat, 12 Oct 2024 09:34:11 GMT - Rating 7 - Innovation 5 - Information 9 - Rumor 4
