International Business Machines Corporation (IBM) Receives Price Target

International Business Machines Corporation (IBM) : The highest short term price target forecast on International Business Machines Corporation (IBM) is $186 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 $155.2 with a standard deviation of $22.09.

International Business Machines Corporation (IBM) has an average broker rating of 2.72, which is interpreted as a Hold, as rated by 18 equity analysts. Nonetheless, 4 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 9 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 3, which is also a Hold. 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.


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

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 $158.32 and $158.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $159.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $159.54, notching a gain of 0.42% for the day. The total traded volume was 2,358,385 . The stock had closed at $158.88 on the previous day.

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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