IBM set to snap six straight sessions of gains

IBM (NYSE:IBM [https://seekingalpha.com/symbol/IBM]) was on track to record a fall after six consecutive sessions of gains, as the company’s shares were down 1.92% at $288.22 on Wednesday.

In the preceding six sessions, the company gained over 4%, compared to a 0.39% rise in the broader markets. Overall, shares of the company have gone up by over 33% compared to a gain of 14.16% in the broader S&P 500 Index.

Earlier in the day, S&P Global and IBM announced [https://seekingalpha.com/news/4502574-ibm-sp-global-team-up-to-deploy-agentic-ai-to-improve-supply-chain-management] they are partnering to embed IBM's watsonx Orchestrate agentic framework into S&P Global's suite of offerings, starting with supply chain management. This collaboration aims to equip businesses with AI-powered tools to help tackle some of the biggest challenges in today's global supply chain.

Looking at Seeking Alpha’s Quant rating [https://seekingalpha.com/symbol/IBM/ratings/quant-ratings], IBM has a Hold rating with a score of 3.42 out of 5. The company was rated A+ for profitability, while it got an F for growth and a B- for momentum.

Turning to Wall Street, eight analysts rated the stock Buy and above, 10 rated it a Hold, while three consider it a Sell and lower.

Seeking Alpha analyst Daniel Jones [https://seekingalpha.com/article/4819962-ibm-a-great-business-at-just-a-fair-price-downgrade] downgraded IBM stock from Buy to Hold until a more attractive entry point.

However, Seeking Alpha analysts [https://seekingalpha.com/symbol/IBM/ratings/author-ratings] appeared rather bullish about the stock, issuing a Buy call for IBM.

IBM shares ended higher on Wednesday after the company and Anthropic (ANTHRO [https://seekingalpha.com/symbol/ANTHRO]) said both are collaborating to integrate the startup's AI model Claude into select internal and external development tools and enterprise products, aiming to provide productivity gains for IBM clients.

MORE ON IBM

* IBM: Betting Big On AI, Delivering Strong Margins But At A Price [https://seekingalpha.com/article/4826549-ibm-betting-big-on-ai-delivering-strong-margins-but-at-a-price]
* IBM: Quantum Hopium [https://seekingalpha.com/article/4826470-ibm-quantum-hopium]
* IBM: Fairly Valued, Offering Market-Like Growth [https://seekingalpha.com/article/4826395-ibm-fairly-valued-offering-market-like-growth]
* IBM, S&P Global team up to deploy agentic AI to improve supply chain management [https://seekingalpha.com/news/4502574-ibm-sp-global-team-up-to-deploy-agentic-ai-to-improve-supply-chain-management]
* IBM rises after Anthropic team-up to integrate AI model Claude in some products for business customers [https://seekingalpha.com/news/4502224-ibm-anthropic-team-up-to-integrate-ai-model-claude-in-some-products-for-business-customers]