IBM is a information technology service company located in New York, United States, which is part of the Technology sector, and is traded under the ticker IBM on the NYSE exchange.
IBM stock last closed at $169.03, up 0.04% from the previous day, and has increased 34.46% in one year. It has overperformed other stocks in the Information Technology Services industry by 0.17 percentage points. IBM stock is currently +35.21% from its 52-week low of $125.01, and -15.14% from its 52-week high of $199.18.
At the moment, there are 918.6M IBM shares outstanding. The market capitalization of IBM is $155.27B. In the last 24 hours, 2.95M IBM shares were traded.
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After you have selected the best place to buy IBM stock, it's crucial to analyze their stock before you invest, so you actually understand the risk as well as the opportunity.
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on IBM's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge IBM's true value.
Using relative valuations methods:
You can do additional valuation analysis on IBM's stock here.
Out of 13 Wall Street analysts who track IBM, the consensus analyst rating on IBM is a Hold
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Keith Bachman, a top 2% analyst from BMO Capital maintains IBM with a hold rating and lowers their IBM price target from $210.00 to $190.00, on Apr 25, 2024.
BMO Capital's Keith Bachman lowered their price target on IBM (NYSE: IBM) by 9.5% from $210 to $190 on 2024/04/25. The analyst maintained their Hold rating on the stock.
Bachman's price target cut was in response to IBM's Q1 2024 print, released on 2024/04/24.
Management maintained its total revenue growth target, but the updated segment outlook was weaker because of the shift from growth in consulting to softer infrastructure growth, the analyst told investors.
Bachman thinks the company's pricing agreement with Hashicorp Inc. is high, although the purchase "makes sense" strategically to enhance IBM's software portfolio and align with Red Hat's infrastructure focus.
For Q1 2024, IBM reported:
For FY 2024, management guided:
Chairman & CEO Arvind Krishna commented: “We began the year with solid revenue and free cash flow growth, reflecting the strength of our hybrid cloud and AI strategy.
“We continue to capitalize on the excitement and demand for enterprise AI from our clients.
“Our book of business for Watsonx and generative AI again showed strong momentum, growing Q/Q, and has now eclipsed one billion dollars since we launched Watsonx in mid-2023.
“As a result, for FY, we continue to expect revenue performance in line with our mid-single digit model and about $12B.”
"To strengthen our position in today's hybrid cloud and AI-driven technology landscape, we also announced our intent to acquire HashiCorp.
“IBM's and HashiCorp's combined portfolios will help clients manage growing application and infrastructure complexity and create a comprehensive hybrid cloud platform designed for the AI era.”
Moshe Katri, a top 19% analyst from Wedbush maintains IBM with a hold rating and raises their IBM price target from $140.00 to $160.00, on Apr 25, 2024.
Brent Thill, a top 2% analyst from Jefferies maintains IBM with a hold rating and lowers their IBM price target from $210.00 to $190.00, on Apr 25, 2024.
David Vogt, a top 17% analyst from UBS maintains IBM with a strong sell rating and raises their IBM price target from $125.00 to $130.00, on Apr 22, 2024.
Wamsi Mohan, a top 5% analyst from Bank of America maintains IBM with a strong buy rating and raises their IBM price target from $200.00 to $220.00, on Mar 14, 2024.
You can dig deeper into what analysts are saying on the IBM stock forecast page.
Last year, IBM earnings were $8.18B. Over the past 5 year, IBM's earnings have increased by -1.22% per year. This was slower than the Information Technology Services industry average of 7.92%.
Last year, IBM revenue was $62.07B. Over the last 5 year, IBM's revenue has increased by -4.64% per year. This was slower than the Information Technology Services industry average of 8.13%.
You can analyze IBM's earnings and revenue performance here.
Over the last 12 months, insiders at IBM have sold more shares than they have bought.
Robert David Thomas, Senior Vice President of IBM, was the latest IBM insider to sell. They sold $284,327.64 worth of IBM shares on Feb 21, 2024.
Learn more about who owns IBM stock here.
IBM pays a dividend of 3.93%, compared to the Information Technology Services industry's average dividend yield of 2.64%. If you owned $1,000 of IBM stock, you would have received $39.34 last year.
IBM dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about IBM dividend yield and history here.
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