DBS analyst Sachin Mittal maintains $IBM Corp (IBM.US)$ with a hold rating, and adjusts the target price from $200 to $250.
According to TipRanks data, the analyst has a success rate of 77.1% and a total average return of 22.0% 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 third-quarter revenue and operating income did not meet expectations, influenced by underperformance in Consulting/Infrastructure and increased workforce rebalance costs. Nonetheless, the Software segment demonstrated notable growth. Given that the shares were trading near peak values, it was necessary for the quarter's results to be more robust to maintain the recent upward trend.
The company's results showed a variance with revenues falling short of expectations, attributed to underperformance in Consulting and Infrastructure. Nevertheless, the solid expansion in the Software segment, bolstered by recent acquisitions, presents promising growth avenues into FY25, potentially enhanced by the incorporation of HashiCorp. However, there is a cautious view on the company's ability to sustain Software growth in the long term, alongside concerns regarding ongoing margin pressures.
Note:
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