International Business Machines Corporation (IBM) : The consensus on International Business Machines Corporation (IBM) based on 18 analyst recommendation on the company stock is 2.61, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on International Business Machines Corporation (IBM).
International Business Machines Corporation (IBM) : The highest short term price target forecast on International Business Machines Corporation (IBM) is $168 and the lowest target price is $110. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $146.67 with a standard deviation of $19.43.
International Business Machines Corporation (NYSE:IBM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $151.85 and $149.92 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $152.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $152.37, notching a gain of 0.45% for the day. The total traded volume was 2,569,393 . The stock had closed at $151.68 on the previous day.
Also, Goldman Sachs maintains its view on International Business Machines Corporation (NYSE:IBM) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs raises the price target from $138 per share to $150 per share on International Business Machines Corporation. The rating by the firm was issued on April 19, 2016. The company shares have dropped -7.04% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $173.78 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $150.89 and the 200 Day Moving Average price is recorded at $141.79.
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.