IBM touched the target price from our last report before witnessing the recent selloff as the company reported one of the best quarters in years. It witnessed strong momentum in its cloud computing business gained through its Red Hat acquisition from back in 2019. Red Hat alone saw a 20% jump in the requirement for its cloud services and the company’s total cloud revenues were up 13% to $7 billion which is a very positive development. The management might also restructure the organization and sp ....
