International Business Machines Corporation (IBM)'s Enterprise Computing Pops Up On Analyst Radar [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
Enterprise computing firm International Business Machines Corporation (NYSE:IBM)'s shares were on financial firm Wedbush's radar on February 25th. It reiterated an Outperform rating and a $340 share price target and commented that the technology company's presence in the enterprise computing market could be clouded by the fears of AI-generated disruption. While most attention is focused on AI, International Business Machines Corporation (NYSE:IBM) has also carefully established itself as a key player in the quantum computing industry. On March 12th, it took the wraps off of the industry's first quantum computing-based supercomputing architecture through which researchers will be able to access tools through well-known open software frameworks. Investment bank Morgan Stanley also discussed International Business Machines Corporation (NYSE:IBM)'s shares on February 25th. It cut the share price target to $247 from $304 and kept an Equal Weight rating on the shares, as per The Fly. Ant
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