International Business Machines which can be found using ticker (IBM) now have 16 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 162 and 110 with the average target price sitting at $145.94. Given that the stocks previous close was at $126.32 this is indicating there is a potential upside of 15.5%. Also worth taking note is the 50 day moving average now sits at $129.59 and the 200 moving average now moves to $133.98. The total market capitalization for the company now stands at $115,202m. Find out more information at: https://www.ibm.com
The potential market cap would be $133,096m based on the market consensus.
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients’ mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients’ mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company has collaboration agreement with Siemens Digital Industri Software to develop a combined software solution. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
The company has a dividend yield of 5.22% with the ex dividend date set at 9-2-2023 (DMY).
