International Business Machines with ticker code (IBM) now have 17 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 165 and 100 with the average target price sitting at 143.08. Now with the previous closing price of 141.49 this now indicates there is a potential upside of 1.1%. The 50 day moving average now sits at 144.53 and the 200 day moving average is 135.42. The market capitalisation for the company is $126,166m. Find out more information at: https://www.ibm.com
The potential market cap would be $127,584m based on the market concensus.
International Business Machines Corporation 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, such as Red Hat, an enterprise open-source 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 servicesluding 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 was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
