Price Target Update on International Business Machines Corporation (NYSE:IBM)

International Business Machines Corporation (NYSE:IBM) : The highest short term price target forecast on International Business Machines Corporation (NYSE: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.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Goldman Sachs maintains its rating on International Business Machines Corporation (NYSE:IBM).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Goldman Sachs raises the new price target from $138 per share to $150 per share. The rating by the firm was issued on April 19, 2016.

International Business Machines Corporation (NYSE:IBM): stock turned positive on Thursday. Though the stock opened at $153.45, the bulls momentum made the stock top out at $155.48 level for the day. The stock recorded a low of $152.6 and closed the trading day at $155.35, in the green by 1.59%. The total traded volume for the day was 3,969,369. The stock had closed at $152.92 in the previous days trading.

The company shares have dropped -7.92% 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 $150.43 and the 200 Day Moving Average price is recorded at $141.00. On the companys insider trading activities, Gherson Diane J, (Senior Vice President) of International Business Machines Corp, unloaded 2,986 shares at an average price of $147 on May 6, 2016. The total amount of the transaction was worth $438,942, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.