IBM, CFLT and Confluent
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IBM ( IBM +0.79%) is buying Confluent ( CFLT +29.28%) -- that's the big tech headline this morning -- and it's driving shares of the data streaming platform 29.2% higher through 11:50 a.m. ET Monday. IBM stock is also up, but only 1.5%.
IBMshares rose 0.5% on Dec. 8, adding to its 41% year-to-date stock gain, after the consulting provider announced its plans to acquire the real-time data streaming platform Confluent. More importantly,
IBM’s stock doubled but faces rising debt, slow growth, and high valuation. Click here to explore why IBM’s M&A strategy may limit gains despite AI optimism.
In the last three months, 13 analysts have published ratings on IBM (NYSE:IBM), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the ...