IBM and Microsoft have partnered to provide enhanced cybersecurity solutions, focusing on simplifying and modernizing security operations as well as protecting identities in hybrid cloud environments. This collaboration involves combining IBM Consulting’s security software with Microsoft’s security technology portfolio to offer a unified threat detection and prevention solution. The companies also plan to utilize AI to automate security tasks, detect anomalies faster, and improve overall threat response times.
The demand for robust cloud security solutions is on the rise as businesses increasingly shift their workloads to the cloud, making them more susceptible to cyberattacks. IBM and Microsoft’s collaboration leverages their expertise to address these security challenges efficiently.
IBM currently has a moderate buy consensus rating, with analysts providing six buy recommendations, seven hold recommendations, and two sell recommendations. The average target price for IBM stock is $183.87, indicating a potential upside of 5.01% over the next 12 months. IBM’s shares have gained approximately 9.1% year-to-date.
On the other hand, Microsoft has a Strong Buy consensus rating, with analysts offering 32 Buy recommendations and one Hold. The average target price for Microsoft stock is $500.55, suggesting an upside potential of around 9.59%. Year-to-date, Microsoft’s shares have seen a 21.9% increase.
Overall, the partnership between IBM and Microsoft to enhance cybersecurity solutions, combined with favorable analyst ratings for both companies, indicates a positive outlook for investors considering these stocks.
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