RBC Capital analyst Matthew Swanson maintains $IBM Corp (IBM.US)$ with a buy rating, and maintains the target price at $250.
According to TipRanks data, the analyst has a success rate of 47.3% and a total average return of 1.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $IBM Corp (IBM.US)$'s main analysts recently are as follows:
IBM's recent financial performance did not meet revenue and operating income expectations due to underperformance in Consulting/Infrastructure segments and higher workforce rebalancing costs. Despite the positive aspect of Software growth, the company's stock position close to peak values suggested a need for a more unblemished quarterly outcome to maintain the prevailing positive trend.
The company's recent performance has shown a mixture of outcomes, with a shortfall in revenues attributed to weaker performance in Consulting and Infrastructure segments. Nonetheless, the Software segment has demonstrated robust growth, bolstered by recent mergers and acquisitions, and presents promising growth opportunities in FY25, potentially enhanced by the inclusion of HashiCorp. Despite these positives, there remains a cautionary stance regarding the company's ability to grow its Software division in the long term, coupled with the anticipation of ongoing margin challenges.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
