International Business Machines with ticker code (IBM) have now 19 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 165 and 115 calculating the mean target price we have 143.68. With the stocks previous close at 129.94 this now indicates there is a potential upside of 10.6%. The 50 day moving average now sits at 131.6 and the 200 moving average now moves to 132.32. The company has a market capitalisation of $115,787m. You can visit the company’s website by visiting: https://www.ibm.com
The potential market cap would be $128,030m based on the market concensus.
International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in various application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission on-premise workloads in banking, airline, and retail industries. It offers middleware and data platform software, including Red Hat that enables the operation of clients’ hybrid multi-cloud environments; and Cloud Paks, WebSphere distributed, and analytics platform software, such as DB2 distributed, information integration, and enterprise content management, as well as IoT, Blockchain and AI/Watson platforms. The company’s Global Business Services segment offers business consulting services; system integration, application management, maintenance, and support services for packaged software; and finance, procurement, talent and engagement, and industry-specific business process outsourcing services. Its Global Technology Services segment provides IT infrastructure and platform services; and project, managed, outsourcing, and cloud-delivered services for enterprise IT infrastructure environments; and IT infrastructure support services. The company’s Systems segment offers servers for businesses, cloud service providers, and scientific computing organizations; data storage products and solutions; and z/OS, an enterprise operating system, as well as Linux. Its Global Financing segment provides lease, installment payment, loan financing, short-term working capital financing, and remanufacturing and remarketing services. It has a collaboration with GK Software SE to enhance retail innovation and customer omnichannel experience with hybrid cloud technology; and with Apptio The company was formerly known as Computing-Tabulating-Recording Co. The company was incorporated in 1911 and is headquartered in Armonk, New York.
