IBM Stock Remains Stable Ahead of Q2 Earnings Release
IBM’s stock price has been relatively stable, hovering near its 52-week high. As of the latest market data, the stock price is at $123.45 per share.
Recent Developments
The company has been making headlines for its collaboration with Moderna on a quantum computing study to design vaccines faster. This partnership highlights IBM’s growing presence in the field of quantum computing and its potential applications in medicine.
Analyst Recommendations
Analysts have been weighing in on IBM’s stock, with some recommending it as a buy ahead of its upcoming Q2 earnings release. The following analysts have issued buy recommendations:
- Goldman Sachs
- Morgan Stanley
- J.P. Morgan
Networking Strategy
The company’s networking strategy has also come under scrutiny, with the departure of Coward raising questions about IBM’s direction in this area. The company has not made any official statements regarding the reasons behind Coward’s departure.
Upcoming Earnings Release
IBM is set to release its Q2 earnings on July 22, 2023. Investors are closely watching the company’s performance, particularly in the areas of quantum computing and networking.