The partnership between IBM and Microsoft aims to provide enhanced cybersecurity solutions by combining IBM Consulting’s security software with MSFT’s security technology portfolio. The focus will be on simplifying and modernizing security operations, with an emphasis on protecting identities in hybrid cloud environments. The companies plan to leverage artificial intelligence to automate security tasks and improve threat response times.
As businesses increasingly move their workloads to the cloud, the demand for robust security solutions is on the rise. IBM and Microsoft are well-positioned to address these security challenges with their combined expertise.
When it comes to investing in IBM, the stock has a moderate buy consensus rating with a target price of $183.87, implying a potential upside of 5.01% over the next 12 months. The company’s shares have gained 9.1% this year.
On the other hand, Microsoft has a Strong Buy consensus rating with a target price of $500.55, suggesting a potential upside of 9.59%. Year-to-date, Microsoft shares have gained 21.9%.
In conclusion, the partnership between IBM and Microsoft to deliver better cybersecurity solutions is well-received in the market. Both companies have positive analyst ratings and show potential for growth in the coming months.
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