International Business Machines Corporation (IBM) Receives ‘Analyst’ Rating

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) : 15 Wall Street analysts covering International Business Machines Corporation (IBM) believe that the average level the stock could reach for the short term is $156.8. The maximum price target given is $186 and the minimum target for short term is around $107, hence the standard deviation is calculated at $21.9.


Also, Oppenheimer initiates coverage on International Business Machines Corporation (NYSE:IBM). Oppenheimer has a Perform rating on the shares. The rating by the firm was issued on August 16, 2016.

International Business Machines Corporation (NYSE:IBM): After opening at $154.3, the stock dipped to an intraday low of $153.21 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $156.33 and the buying power remained strong till the end. The stock closed at $155.66 for the day, a gain of 1.05% for the day session. The total traded volume was 3,662,573. The stocks close on the previous trading day was $154.05.

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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