Goldman Sachs recently initiated coverage of IBM with a Buy rating and a $200.00 price target, citing the company’s strategic shift towards long-term growth in infrastructure software assets, particularly in open source and AI. The firm sees strong synergy between IBM’s software portfolio and consulting business, driving business transformation and potential stock re-rating. Goldman Sachs … Read more
In recent events, Alphabet CEO Sundar Pichai testified in the fraud trial of Ozy Media Inc co-founder Carlos Watson, denying claims that Google intended to acquire the startup. Prosecutors allege that Watson misled investors about Ozy’s success, including falsely claiming that Google offered to buy the company for hundreds of millions of dollars. Ozy Media … Read more
Goldman Sachs’ long-standing relationship with Juniper Networks has come full circle as Juniper has agreed to be acquired by Hewlett Packard Enterprise for $14 billion. This deal marks the end of a 25-year journey that began in 1999 when Juniper went public with the help of Goldman Sachs during the dotcom boom. The acquisition by … Read more
Juniper Networks, a prominent technology company, is set to be acquired by Hewlett Packard Enterprises in a deal worth $14 billion. This acquisition is expected to result in Juniper Networks ceasing to exist as an independent entity. Juniper Networks, known for its innovative networking solutions, is now poised to become part of the larger Hewlett … Read more
Goldman Sachs analyst Eric Sheridan has reiterated a Buy rating on Alphabet Inc (GOOG, GOOGLE) with a price target of $195. Sheridan highlighted Google’s recent Marketing Live keynote where the company outlined its vision for launching AI tools and services in the digital advertising space. Google is exploring how AI can enhance return on ad … Read more