— The IT stock added 4.7% in Monday's premarket as investors awaited earnings for the fiscal fourth quarter expected after the bell.
Wolfe Research upgraded the stock to outperform from peer perform over the weekend, while Evercore ISI said on Friday that it anticipated a strong quarterly report and positive commentary around the cloud business. Evercore ISI, Barclays and JPMorgan all raised their respective price targets for the stock in recent days.