Why HashiCorp Rocketed Over 21% on Tuesday
Shares of cloud automation software company HashiCorp (NASDAQ: HCP) were rallying hard on Tuesday, up 21.7% as of 3:56 p.m. ET.
The software company, which went public in 2021 and helps businesses set up their cloud infrastructure, is apparently nearing a deal to be acquired by tech giant (NYSE: IBM), according to an exclusive report in The Wall Street Journal.
The company had been rumored to be seeking a buyer since March, and it appears Big Blue thinks it may be a good fit for its growing cloud software business.
Source Fool.com
International Business Machines Corp Stock
€157.44
1.880%
We see a rather positive sentiment for International Business Machines Corp with 15 Buy predictions and 1 Sell predictions.
With a target price of 179 € there is a slightly positive potential of 13.69% for International Business Machines Corp compared to the current price of 157.44 €.
