IBM is set to expand Oracle consulting expertise with the Applications Software Technology buyout.
By leveraging Walmart's robust delivery network and logistics expertise, IBM aims to provide reliable last-mile delivery options to its clients and retailers.
International Business Machines Corp (NYSE:IBM) has earned a price target bump to $160 from UBS analysts ahead of its fourth quarter earnings report due on January 29 after US markets close. The analysts raised their price target from $150 but repeated their ‘Sell' rating on the technology firm.
Goldman Sachs analyst James Schneider expects fourth-quarter 2024 reports to reflect gradual demand improvement in 2025 guidance. Based on intra-quarter management commentary and Accenture ACN
In the latest trading session, IBM (IBM) closed at $217.40, marking a -1.07% move from the previous day.
IBM has transformed into a hybrid tech company focusing on AI, hybrid cloud, automation, and quantum computing, leading to a 36.30% share price increase in 2024. IBM's strong Q3 results, including $6.6 billion in free cash flow and 10% software segment growth, highlight its profitability and growth potential. Despite risks like economic downturns and integration challenges, IBM's valuation remains attractive, trading at 19.5 times 2026 earnings, with significant opportunities in AI and quantum computing.
Earlier, I argued that the growth potential of IBM's software business is underestimated with the expansion of AI. IBM has indeed made progress on this front with several of its AI-related products since then. However, the stock's P/E ratio has also expanded significantly meanwhile.
The first phase of the artificial intelligence (AI) boom was undoubtedly defined by powerful large language models capable of a large variety of tasks. AI models like those that power ChatGPT can do a lot of things reasonably well, although they still output incorrect information and fabricated responses at times.
International Business Machines Corporation reaches a positive resolution with GlobalFoundries settling all legal disputes and paving the foundation for future collaboration.
IBM appears primed for further price appreciation despite apparent roadblocks and investors are likely to profit if they bet on this high-flying stock now.
Shares in GlobalFoundries Inc (NASDAQ:GFS) rose 1.2% after a settlement was reached to resolve ongoing lawsuits with International Business Machines Corp (NYSE:IBM). All litigation, including potential breach of contract, trade secrets and intellectual property claims between the two companies have now been resolved, GF said in a statement, adding that it allows the companies to "explore new opportunities for collaboration".
GlobalFoundries and IBM said on Thursday that they have settled dueling lawsuits claiming that GlobalFoundries breached a contract with IBM and that the computer giant misused the chipmaker's trade secrets.