Jim Cramer praised
International Business Machines Corporation (IBM) for a 'remarkably good quarter'. IBM's stock has seen a 3.5% increase last week, making it rewarding for institutional investors controlling 63% of IBM. Notable asset movements include
Blue Trust Inc. increasing their stake while
Autumn Glory Partners LLC and
New Mexico Educational Retirement Board lowered theirs. Brokers maintain an average rating of 'Hold' for IBM. The company also garnered attention for its AI, Red Hat, and double-digit growth potential.
Oppenheimer initiated coverage on IBM with an outperform recommendation. The AI aspect of IBM was emphasized with statements like 'IBM is missing the AI hype' and 'IBM poised for an AI turnaround for the ages.' Furthermore,
Stifel projects a $290 target on AI & cash flow growth for IBM, while
Bank of America reaffirmed their Buy rating, setting the target at $270 after an investor day. A flurry of investment activities, buying, and selling actions by various funds and investment groups is also reported.
International Business Machines Corporation IBM News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Sat, 15 Feb 2025 18:02:28 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -4
