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 $161.96, up 1.09% from the previous day, and has increased 9.6% in one year. It has overperformed other stocks in the Information Technology Services industry by 0.06 percentage points. IBM stock is currently +34.35% from its 52-week low of $120.55, and -0.51% from its 52-week high of $162.79.
At the moment, there are 913.12M IBM shares outstanding. The market capitalization of IBM is $147.89B. In the last 24 hours, 4.55M 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 9 Wall Street analysts who track IBM, the consensus analyst rating on IBM is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Wamsi Mohan, a top 4% analyst from Bank of America maintains IBM with a strong buy rating and raises their IBM price target from $152.00 to $160.00, on Jul 20, 2023.
Bank of America's Wamsi Mohan raised their price target on International Business Machines Corp (NYSE: IBM) by 5.26% from $152.00 to $160.00 on 2023/07/20. The analyst maintained their Strong Buy rating on the stock.
The analyst reassessed following a review of the company's Q2 2023 earnings report, released on 2023/07/19, and participation in the earnings call.
Management maintained its FY guidance and noted early traction in AI, Mohan said, noting, however, that explicit guidance on AI was not provided.
"The stock is not discounting any change in the trajectory of revenue or profits and if the company delivers on metrics similar to RedHat/OpenShift, it could see 2 points of growth, perhaps not all incremental, to Consulting by FY 2025 and 1 point of Software growth, the analyst estimated.
For Q2 2023, IBM reported:
For FY 2023, management guided:
Chairman & CEO Arvind Krishna commented: “Organizations are using our hybrid cloud and AI technology, and our consulting capabilities, to transform their operations.
"We continue to respond to the needs of our clients who seek trusted, enterprise AI solutions, and we are particularly excited about the response to the recently launched watsonx AI platform.
"Finally, we remain confident in our revenue and free cash flow growth expectations for the full year.”
David Grossman, a top 9% analyst from Stifel Nicolaus maintains IBM with a strong buy rating and raises their IBM price target from $140.00 to $144.00, on Jul 20, 2023.
Shannon Cross, a top 11% analyst from Credit Suisse reiterates IBM with a buy rating and maintains their IBM price target from $162.00 to $162.00, on Jul 11, 2023.
Brian Essex, a top 17% analyst from JP Morgan initiates coverage on IBM with a hold rating and announces their IBM price target of $145.00, on Jul 7, 2023.
You can dig deeper into what analysts are saying on the IBM stock forecast page.
Last year, IBM earnings were $6.92B. Over the past 5 year, IBM's earnings have increased by 3.94% per year. This was slower than the Information Technology Services industry average of 9.13%.
Last year, IBM revenue was $61.17B. Over the last 5 year, IBM's revenue has increased by -5.31% per year. This was slower than the Information Technology Services industry average of 8.96%.
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.
Nickle Jaclyn Lamoreaux, Senior Vice President of IBM, was the latest IBM insider to sell. They sold $299,837.72 worth of IBM shares on Aug 18, 2023.
Learn more about who owns IBM stock here.
IBM pays a dividend of 4.09%, compared to the Information Technology Services industry's average dividend yield of 2.69%. If you owned $1,000 of IBM stock, you would have received $40.94 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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