On Oct 24, major Wall Street analysts update their ratings for $IBM Corp (IBM.US)$, with price targets ranging from $150 to $260.
BofA Securities analyst Wamsi Mohan maintains with a buy rating, and maintains the target price at $250.
UBS analyst David Vogt maintains with a sell rating, and adjusts the target price from $145 to $150.
Jefferies analyst Brent Thill maintains with a hold rating, and maintains the target price at $245.
Evercore analyst Amit Daryanani maintains with a buy rating, and maintains the target price at $240.
BMO Capital analyst Keith Bachman maintains with a hold rating, and adjusts the target price from $210 to $260.
Furthermore, according to the comprehensive report, the opinions of $IBM Corp (IBM.US)$'s main analysts recently are as follows:
IBM's recent quarterly performance fell short of expectations with revenue and operating income not meeting the anticipated figures, influenced by underperformance in Consulting/Infrastructure sectors and higher workforce rebalance charges. Although the Software segment demonstrated notable growth, the prevailing share value near peak levels suggests that a more unblemished quarter was essential to maintain the recent positive trend.
IBM's recent financial outcomes have been a mixed bag, with a shortfall in revenues driven by underperformance in Consulting and Infrastructure segments. Despite this, the company's Software division continues to show robust growth, bolstered by recent acquisitions. Looking ahead to FY25, the inclusion of HashiCorp is seen as a promising avenue for growth. Nevertheless, there remains a cautious stance regarding IBM's capacity to expand its Software business, coupled with an anticipation of ongoing margin pressures.
Here are the latest investment ratings and price targets for $IBM Corp (IBM.US)$ from 7 analysts:
Note:
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