Anthropic’s announcement that its updated AI tool can modernise COBOL, an old programming language that runs on IBM’s mainframes, left Big Blue’s stocks battered on Monday. Banasree Purkayastha looks ...

Morgan Stanley cut its IBM price target after Anthropic’s Claude Code showed it can automate cobol modernization, raising disruption risk and keeping the stock volatile until software growth or cash ...

Investing.com - Evercore ISI reiterated an Outperform rating and $345.00 price target on International Business Machines stock (NYSE:IBM) on Tuesday. The target suggests significant upside potential ...

Jefferies analyst Brent Thill, maintaining a Buy rating with a $370 price target, said the concerns overlook that IBM is already disrupting itself by embedding GenAI directly into the mainframe to ...

Mumbai: Shares of IBM saw their sharpest single-day fall in more than 25 years after new fears emerged about how artificial intelligence could hurt one of the company’s most stable businesses. The ...

The launch of the AI-focused z17 mainframe earlier this year has been a major success. Infrastructure is expected to drive 1.5 percentage points of revenue growth in 2025 for IBM. IBM boosted its ...