Tag IBM

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Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...

IBM's AI advancements and strong growth in software are key factors in projecting a fair value of $300 per share and a 'Strong Buy' rating. Read more here...

IBM (IBM) shares are under pressure after the company’s third quarter revenue fell short of analyst expectations. Argus Research director of research Jim Kelleher joins Julie Hyman and Josh Lipton to break down the results, where the company fits into the artificial intelligence play, and IBM stock’s valuation. “The revenue was a little light, and that's the instant reaction. It is worth keeping in mind that this long-time lagging stock was up about 42% year to date [and] its peer group is up considerably less,” Kelleher says. The analyst says IBM could be an interesting way to play the AI trade. “They're really getting the AI story together… Generally, I think their cloud strategy and their AI strategy is now kind of working.” Kelleher notes that IBM stock has been “kind of a chronic underperformer over the years.” He says, “It's been a very depressed stock,” given its growth potential. He adds, "Earnings did grow a little bit [though] again a little disappointment on the top line. But I think that's addressable." To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan...

After the close, Tesla (TSLA), ServiceNow (NOW) and IBM (IBM) beat on earnings, while Las Vegas Sands (LVS) missed...