BMO Capital Markets Issues Positive Forecast for International Business Machines (NYSE:IBM) Stock Price

Key Points

• BMO Capital Markets has increased its price target for International Business Machines (IBM) from $300 to $305, suggesting a potential upside of 6.06% from the current price.
• IBM reported earnings of $2.65 per share, surpassing analyst expectations of $2.45, and saw a 9.1% increase in revenue compared to the same quarter last year.
• Analyst ratings for IBM include one "Strong Buy," seven "Buy," eight "Hold," and one "Sell," indicating a consensus rating of "Hold" with an average target price of $289.46.

International Business Machines (NYSE:IBM - Get Free Report) had its price target lifted by equities researchers at BMO Capital Markets from $300.00 to $305.00 in a report released on Thursday, Marketbeat reports. The firm presently has a "market perform" rating on the technology company's stock. BMO Capital Markets' price objective indicates a potential upside of 6.06% from the stock's current price.

Several other research firms also recently commented on IBM. Melius Research upgraded shares of International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Royal Bank Of Canada restated an "outperform" rating and set a $315.00 price target on shares of International Business Machines in a report on Thursday, October 16th. Sanford C. Bernstein initiated coverage on International Business Machines in a research note on Monday, September 15th. They issued a "market perform" rating and a $280.00 price objective for the company. Finally, Jefferies Financial Group upped their target price on shares of International Business Machines from $280.00 to $305.00 and gave the stock a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $289.46.

International Business Machines Stock Performance

NYSE IBM opened at $287.57 on Thursday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market cap of $267.27 billion, a P/E ratio of 46.68, a P/E/G ratio of 4.34 and a beta of 0.73. The stock has a 50-day moving average of $263.92 and a two-hundred day moving average of $262.56. International Business Machines has a 1-year low of $203.51 and a 1-year high of $301.04.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines will post 10.78 EPS for the current year.

Institutional Trading of International Business Machines

Hedge funds and other institutional investors have recently made changes to their positions in the company. Family CFO Inc purchased a new position in International Business Machines during the 2nd quarter worth approximately $25,000. Winnow Wealth LLC acquired a new stake in shares of International Business Machines in the second quarter valued at approximately $27,000. Christopher J. Hasenberg Inc purchased a new position in shares of International Business Machines during the first quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the 1st quarter valued at $28,000. Finally, Highline Wealth Partners LLC raised its position in International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock valued at $33,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

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