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
€153.94
0.270%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 169 € shows a slightly positive potential of 9.78% compared to the current price of 153.94 € for International Business Machines Corp.
