The Latest Breaking News from IBM

One former Wall Street darling that has been a serial underperformer during the greatest bull market of all time was the recipient of an upgrade Friday morning. That company is International Business Machines Corp (NYSE: IBM), and it's the PreMarket Prep Stock of the Day.

Morgan Stanley analyst Erik Woodring upgraded the rating on International Business Machines Corp (NYSE:IBM) to Overweight from Equal-weight, with a price target boost to $150 from $147 (16% upside). Woodring saw IBM as a reliable "defensive play" amid more significant risks in the tech sector.  IBM will likely outperform in Q1 in a scenario of…

Someone with a lot of money to spend has taken a bullish stance on IBM (NYSE:IBM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

BMO Capital has decided to maintain its Market Perform rating of IBM (NYSE:IBM) and lower its price target from $155.00 to $148.00. Shares of IBM are trading down 0.04% over the last 24 hours, at $125.93 per share.

Alibaba Group Holding Ltd (NYSE:BABA) owned Alibaba Cloud initiated a new round of organizational restructuring, the Pandaily reports. Alibaba Cloud China President Ren Geng resigned for undisclosed reasons. Geng looked to leave as early as 2021 but stayed back.  Also Read: Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides…

Edge computing is expected to play a significant role in the broader transformation of computing infrastructure. It is expected to offer a wide range of new and powerful computing services. Given this backdrop, it could be wise to bet on quality edge computing stocks Microsoft (MSFT), Akamai (AKAM), and International…

The infrastructure software industry has been booming over the past two years owing to sustained demand driven by increased internet penetration, accelerated digital transformation, the adoption of advanced IT technologies, and increased enterprise IT spending on software infrastructure. Given the industry tailwinds, we think it could be wise to add…

Martin Schmid, Rudolf Kadlec, and Matej Moravcik left Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)-owned DeepMind in January to set up EquiLibre Technologies, CNBC reports. The trio seek to develop artificial intelligence for stock and crypto picking. They look to use reinforcement learning to train an AI system to buy and sell shares and make a…

International Business Machines Corp (NYSE: IBM) shares rallied toward the end of March, moving up from around $123 to $130 during the second half of the month.  Here's a look at what Intel announced during that time.

Time announced this week its annual 100 Most Influential Companies list. Here’s a look at the publicly traded companies that made the list.

Someone with a lot of money to spend has taken a bearish stance on IBM (NYSE:IBM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.