Societe Generale downgraded IBM from Hold to Sell and set a new price target of $143.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/2/2024 | $215.00 | Buy → Hold | DZ Bank |
| 6/24/2024 | $200.00 | Buy | Goldman |
| 5/2/2024 | $145.00 | Underperform | Exane BNP Paribas |
| 1/19/2024 | $165.00 → $200.00 | In-line → Outperform | Evercore ISI |
| 1/5/2024 | $180.00 | Hold | Jefferies |
| 1/5/2024 | $143.00 | Hold → Sell | Societe Generale |
| 12/5/2023 | $155.00 → $170.00 | Buy | BofA Securities |
| 9/20/2023 | $188.00 | Outperform | RBC Capital Mkts |
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International Business Machines Corporation (NYSE:IBM) shares are moving higher on Thursday after the company reported strong second quarter earnings. What To Know: IBM reported 2024 fiscal year second quarter results after the market closed on Wednesday. The company reported adjusted EPS at $2.43 beating analysts estimate of $2.19. In addition, IBM reported sales of $15.80 billion beating analyst estimates of $15.61 billion. The reported revenue represents a 2% increase from the same period last year. IBM further broke down its revenue for the second quarter. The company reported revenue from software at $6.7 billion, revenue from consulting at $5.2 billion, revenue from infrastru
Stifel analyst David Grossman maintains IBM (NYSE:IBM) with a Buy and raises the price target from $190 to $205.
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori
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ARMONK, N.Y., Oct. 30, 2024 /PRNewswire/ -- The IBM (NYSE:IBM) board of directors today declared a regular quarterly cash dividend of $1.67 per common share, December 10, 2024 to stockholders of record November 12, 2024. With the payment of the December 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916. Media contact: Tim Davidson (914) [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-board-approves-regular-quarterly-cash-dividend-302291571.html SOURCE IBM
Accelerated Software revenue growth, expanded gross profit margin, and strong free cash flow ARMONK, N.Y., Oct. 23, 2024 /PRNewswire/ -- IBM (NYSE:IBM) today announced third-quarter 2024 earnings results. "Our third-quarter performance was led by double-digit growth in Software, including a re-acceleration in Red Hat. We continue to see great momentum in AI as our models are trusted, fit-for-purpose, and lower cost, with performance leadership. Our generative AI book of business now stands at more than $3 billion, up more than $1 billion quarter to quarter," said Arvind Krish
ARMONK, N.Y., Oct. 9, 2024 /PRNewswire/ -- IBM (NYSE:IBM) will hold its quarterly conference call to discuss its third-quarter 2024 financial results on Wednesday, October 23, 2024 at 5:00 p.m. ET. The live webcast of the earnings call can be accessed at www.ibm.com/investor. Please also visit the investor website for the earnings press release prior to the webcast. A replay, associated charts and prepared remarks will be available after the event. Media contact: Tim DavidsonIBM Corporate [email protected] View original content to download multimedia:h
Shamla Naidoo's Extensive Background in Technology, Data, and Privacy Provides Asbury Automotive Group with Additional Cyber Security Insight Asbury Automotive Group, Inc. (NYSE:ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today the appointment of Shamla Naidoo to its Board of Directors effective January 1, 2025. The Board has appointed Ms. Naidoo to the Audit Committee and the Compensation & Human Resources Committee. Ms. Naidoo's election brings the total number of directors to ten, nine of whom are independent, including Ms. Naidoo. "We are thrilled to welcome Shamla to the Board. She is a tremendous addition and
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there's clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ:NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA's market cap is currently larger than each of Europe's largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
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Shamla Naidoo's Extensive Background in Technology, Data, and Privacy Provides Asbury Automotive Group with Additional Cyber Security Insight Asbury Automotive Group, Inc. (NYSE:ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today the appointment of Shamla Naidoo to its Board of Directors effective January 1, 2025. The Board has appointed Ms. Naidoo to the Audit Committee and the Compensation & Human Resources Committee. Ms. Naidoo's election brings the total number of directors to ten, nine of whom are independent, including Ms. Naidoo. "We are thrilled to welcome Shamla to the Board. She is a tremendous addition and
D&B Ask Procurement™ provides instant view into supplier insights Dun & Bradstreet (NYSE:DNB), a leading global provider of business decisioning data and analytics, announced today the availability of D&B Ask Procurement, its generative artificial intelligence (Gen AI) assistant built in collaboration with IBM (NYSE:IBM), that synthesizes vast datasets and provides intelligent recommendations to help procurement teams make faster data-driven decisions, mitigate risks and drive efficiencies across their supplier networks. Connected to Dun & Bradstreet's comprehensive business risk, financial, and firmographic data and insights, D&B Ask Procurement helps teams to query critical supplier i
RHEL AI expands the ability of organizations to streamline AI model development and deployment on Microsoft Azure to fast-track AI innovation in the cloud Red Hat, Inc., the world's leading provider of open source solutions, today announced an extended collaboration with Microsoft to streamline and scale artificial intelligence (AI) and generative AI (gen AI) deployments in the cloud. With this collaboration, Red Hat Enterprise Linux AI (RHEL AI) will be available on Azure Marketplace as an optimized and validated foundation model platform to run on Microsoft Azure environments, as well as a bring-your-own-subscription (BYOS) offering. In an industry defined by disruption, it is critica
DZ Bank downgraded IBM from Buy to Hold and set a new price target of $215.00
Goldman initiated coverage of IBM with a rating of Buy and set a new price target of $200.00
Exane BNP Paribas initiated coverage of IBM with a rating of Underperform and set a new price target of $145.00
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