Shares of IBM have been volatile in 2024 following a big rally last year. The company is finding success by focusing on software and services, including artificial intelligence initiatives. We highlight several reasons to stay bullish on the stock.
Zacks.com users have recently been watching IBM (IBM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
IBM (IBM) closed the most recent trading day at $175.01, moving +1.48% from the previous trading session.
IBM (IBM) shares gained 1.5% Monday after Goldman Sachs analysts initiated coverage with a "buy" rating, citing the software, hardware, and services company's efforts to move toward long-term growth and investments in artificial intelligence (AI). Goldman also gave a price target of $200, 14% above Monday's closing price.
International Business Machines Corp IBM shares are trading higher after Goldman Sachs analyst James Schneider initiated coverage with a Buy rating and announced a price target of $200.
Goldman Sachs initiated coverage of IBM (NYSE:IBM) with a "buy" rating, with the analyst in coverage noting that the company's artificial intelligence (AI) services will help it maintain its revenue and free cash-flow growth in the long run.
Analyst James Schneider picked up coverage with a Buy rating and $200 price target, about 16% above Friday's closing level.
We believe that the computing behemoth IBM (NYSE: IBM) is currently a better pick over the pharmaceuticals giant Merck (NYSE: MRK). The decision to invest often comes down to finding the best stocks within the scope of certain characteristics that suit an investment style.
IBM and WPP unite to launch a cutting-edge B2B solution, harnessing AI and advanced analytics to transform global marketing strategies.
The state of Missouri has filed a lawsuit against the technology giant, International Business Machines Corporation (IBM), for unlawful practices in allegedly requiring racial and gender quotas in its hiring and promotion structures for employees.
McDonald's has ditched its AI-voice ordering system from IBM and will look to replace it by year-end. SoundHound is a possible contender to win the business, but it is not the only candidate.
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