Short Term Price Target on International Business Machines Corporation (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.

International Business Machines Corporation has lost 2.3% in the last five trading days and dropped 0.48% in the last 4 weeks. International Business Machines Corporation is up 0.48% in the last 3-month period. Year-to-Date the stock performance stands at 12.49%. Also, Goldman Sachs maintains its rating on International Business Machines Corporation (NYSE:IBM). The global brokerage major raises the current price target from $138 per share to $150 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on April 19, 2016.

International Business Machines Corporation (NYSE:IBM) has an average broker rating of 2.61, which is interpreted as a Hold, as rated by 18 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

International Business Machines Corporation (NYSE:IBM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $148.86 and $148.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $151.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $151.78, notching a gain of 2.24% for the day. The total traded volume was 3,967,126 . The stock had closed at $148.46 on the previous day.

In an insider trading activity,The (Senior Vice President) of International Business Machines Corp, Gherson Diane J sold 2,986 shares at $147 on May 6, 2016. The Insider selling transaction had a total value worth of $438,942. The Insider information was disclosed 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.

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