Tech Stocks in the News: Facebook Inc. (NASDAQ:FB), International Business Machines Corp.(NYSE:IBM), iRobot Corporation(NASDAQ:IRBT)

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The Federal Trade Commission has given Facebook Inc. (NASDAQ:FB) antitrust approval to acquire virtual reality goggle maker Oculus VR, says Reuters.

Analysts have a consensus price target of $72.11 on Facebook Inc. (NASDAQ:FB) which indicates a 14% upside. The consensus rating of the stock is a BUY with a score of 2.84. There are currently 6 Hold Ratings and 32 Buy ratings on the stock.

The most recent analyst action consisted of Credit Suisse upgrading the stock to Outperform and boosting its price target from $65 to $87.

Needham said iRobot Corporation(NASDAQ:IRBT) hats off to a solid 2014 start and is executing well on it core home robot business. The firm recommends buying shares on weakness and reiterates its Buy rating and raised its price target to $43 from $41.

International Business Machines Corp.(NYSE:IBM) earlier today unveiled new Power Systems servers that the company said would allow data centers to manage large data requirements with unprecedented speed. The company said that it released detailed technical specifications for its POWER8 processor1, inviting collaborators and competitors alike to innovate on the processor and server platform. The new servers culminate a $2.4Binvestment, three-plus years of development and exploit the innovation of hundreds of IBM patents, the company stated.

Analysts have a consensus price target of $201 on International Business Machines Corp.(NYSE:IBM) which indicates a 4.3% upside. The consensus rating of the stock is a HOLD with a score of 2.35. There are currently 16 Hold ratings, 1 Sell rating, 1 Strong Buy and 8 Buy ratings on the stock.

A recent analyst action consisted of Zacks reiterating their Neutral rating and $206 price target on the stock on April 10th.

 

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