International Business Machines Corporation (IBM) : Average target price received by International Business Machines Corporation (IBM) is $146.67 with an expected standard deviation of $19.43. The most aggressive target on the stock is $168, whereas the most downbeat target is $110. 15 financial analysts are currently covering the stock.
International Business Machines Corporation (IBM) stated gains of 68,176 shares or 0.3% in the short interest. The short interest registered from 20,275,203 on June 15,2016 to 20,343,379 on June 30,2016. In terms of floated shares, the shorted positions stood at 2.1%. The stock has been averaging 4,166,402 shares daily in trading and would need 5 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Brokerage firm Goldman Sachs maintains its rating on International Business Machines Corporation (NYSE:IBM). As per the latest information, the brokerage house raises the price target to $150 per share from a prior target of $138. The shares have been rated Neutral. 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 $158.81, the bulls momentum made the stock top out at $161.4 level for the day. The stock recorded a low of $158.58 and closed the trading day at $160.28, in the green by 1.43%. The total traded volume for the day was 4,637,644. The stock had closed at $158.02 in the previous days trading.
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.