IBM (IBM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
IBM (IBM) concluded the recent trading session at $220.50, signifying a +1.29% move from its prior day's close.
IBM (IBM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
IBM today announced that it has acquired Kubecost, a FinOps startup that helps teams at companies like Allianz, Audi, Rakuten and GitLab monitor and optimize their Kubernetes clusters with a focus on efficiency and, ultimately, cost.
IBM's AI-driven growth prospects and moderate valuation make it an attractive investment, warranting a buy rating despite current economic uncertainties. Strong earnings with significant improvements in key metrics, particularly in the Software segment, showcase IBM's resilience and potential for future growth. New AI-focused chip architectures and the strategic acquisition of Accelalpha highlight IBM's commitment to leading the enterprise AI market.
The latest trading day saw IBM (IBM) settling at $217.16, representing a +1.1% change from its previous close.
IBM said on Wednesday it expects a pre-tax charge of nearly $2.7 billion in the third quarter, related to a transaction involving the transfer of some of its pension plan obligations to a unit of Prudential Financial.
As of Sept. 11, 2024, two stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
In the latest trading session, IBM (IBM) closed at $205.32, marking a +0.88% move from the previous day.
IBM is set to expand Oracle consulting expertise in the supply chain, logistics and finance with the Accelalpha buyout.
IBM announced Monday that it plans to acquire Accelalpha, a Bellevue, Wash.
International Business Machines Corporation (NYSE:IBM ) Goldman Sachs Communacopia + Technology Conference September 9, 2024 8:30 PM ET Company Participants Conference Call Participants James Schneider Okay. Good morning, everybody.