IBM Stock Forecast, Price & News

IBM's stock was trading at $117.97 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IBM shares have increased by 2.8% and is now trading at $121.24.
View which stocks have been most impacted by COVID-19.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IBM in the last year. There are currently 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for IBM.

IBM is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
View our earnings forecast for IBM.

IBM (NYSE:IBM) released its quarterly earnings data on Monday, July, 20th. The technology company reported $2.18 EPS for the quarter, topping the consensus estimate of $2.14 by $0.04. The technology company had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $17.72 billion. IBM had a net margin of 10.44% and a return on equity of 51.06%. The company's revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.17 earnings per share.
View IBM's earnings history.

IBM announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be given a dividend of $1.63 per share on Thursday, September 10th. This represents a $6.52 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Friday, August 7th.
View IBM's dividend history.

IBM announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 30th 2018, which permits the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

16 brokers have issued 12 month price objectives for IBM's stock. Their forecasts range from $120.00 to $155.00. On average, they anticipate IBM's share price to reach $139.07 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
View analysts' price targets for IBM.

Some companies that are related to IBM include Accenture (ACN), Cognizant Technology Solutions (CTSH), EPAM Systems (EPAM), Leidos (LDOS), Booz Allen Hamilton (BAH), Gartner (IT), Amdocs (DOX), Caci International (CACI), Mantech International (MANT), Teradata (TDC), Virtusa (VRTU), Unisys (UIS), Forrester Research (FORR), The Hackett Group (HCKT) and Servicesource International (SREV).
View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other IBM investors own include AT&T (T), Intel (INTC), Cisco Systems (CSCO), Verizon Communications (VZ), Johnson & Johnson (JNJ), NVIDIA (NVDA), Walt Disney (DIS), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM) and Pfizer (PFE).

IBM trades on the New York Stock Exchange (NYSE) under the ticker symbol "IBM."

Shares of IBM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of IBM stock can currently be purchased for approximately $121.24.

IBM has a market capitalization of $107.97 billion and generates $77.15 billion in revenue each year. The technology company earns $9.43 billion in net income (profit) each year or $12.81 on an earnings per share basis. IBM employs 383,800 workers across the globe.

The official website for IBM is www.ibm.com.

IBM's mailing address is 1 NEW ORCHARD ROAD, ARMONK NY, 10504. The technology company can be reached via phone at 914-499-1900 or via email at [email protected]