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0 -0.000288766965059117 -0.000128340873359709 -0.000128340873359709 0.000930471331857479 -0.00628870279462263 -0.00125132351525648 0.00388231141912914
Stock impact report

IBM Strengthens AI Platform With Confluent Buyout; Analyst Hikes PT to $325 [Yahoo! Finance]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: Yahoo! Finance
Grossman raised the firm's price target on the stock to $325 from $295 and kept a “Buy” rating on the shares. The rating affirmation follows IBM's announcement that it has acquired Confluent for $11 bn, expanding its AI platform and aligning with its hybrid cloud strategy. “IBM announced the acquisition of Confluent for $11bn (all cash), or ~7x CY27 EV/revenue, in-line with software comps with a similar growth profile (5–9x) and a 34% premium to Friday's close (12/05/25). Expected close mid-2026, coincidentally the anniversary of the z17 mainframe launch (similar revenue profile).” The firm noted how CFLT runs the Apache Kafka open source data streaming platform, serving as the standard for real-time data transportation connection. While the company has penetrated 40% of Fortune 500 companies, less than 5% of its 6,500 customers generate over $1 million in annual recurring revenue. Stifel believes that the strategic underpinnings of the acquisition are solid, and that real-tim Show less Read more
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