** IT software and consultancy services provider IBM IBM.N surpassed Q4 profit estimates on Wednesday, driven by robust demand in its software unit as businesses ramped up IT spending
** Shares of IBM up 9% at $249 in premarket trading
WIRED FOR SUCCESS
** Goldman Sachs ("buy," PT: $275) expects revenue growth and strong free cash flow, driven by impressive bookings and AI performance, with long-term growth from software and market share gains in consulting
** BofA Global Research ("buy," PO: $270) sees IBM's potential to deliver higher-than-expected free cash flow $(FCF)$ despite HashiCorp HCP.O acquisition, with revenue and margins likely to improve structurally over next few years
** J.P.Morgan ("neutral," PT: $244) sees software segment performing well, supporting higher valuations, with significant growth expected later in the year from AI-enhanced z17 mainframe and M&A activity
** RBC Capital Markets ("outperform," PT: $276) sees co focusing on software execution in early 2025, with increase in consulting and infrastructure spending
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。