International Business Machines Corporation (IBM) : Zacks Investment Research ranks International Business Machines Corporation (IBM) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 2.72, which indicates as a Hold.
International Business Machines Corporation (IBM) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $186 and the lowest price target forecast is $110. The average forecast of all the analysts is $157 and the expected standard deviation is $21.42.
Company shares have received an average consensus rating of Hold for the current week Also, Oppenheimer initiates coverage on International Business Machines Corporation (NYSE:IBM). The rating major has initiated the coverage with perform rating on the shares. The rating by the firm was issued on August 16, 2016.
International Business Machines Corporation (NYSE:IBM): The stock opened at $160.19 and touched an intraday high of $161.76 on Wednesday. During the day, the stock corrected to an intraday low of $160, however, the bulls stepped in and pushed the price higher to close in the green at $161.64 with a gain of 0.80% for the day. The total traded volume for the day was 2,867,257. The stock had closed at $160.35 in the previous trading session.
International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS), which includes Strategic Outsourcing, Integrated Technology Services, Cloud and Technology Support Services, and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS), which offers its services across Consulting and Systems Integration, Global Process Services and Application Management Services; Software, which consists of middleware and operating systems software; Systems and Technology (STG), which provides infrastructure technologies, and Global Financing, which provides financing solutions for products or services that are critical to the end users business operations. Its IBM Watson Health Cloud platform collects clinical, research and social data from a range of health sources and creates a cloud-based data sharing hub.