International Business Machines with ticker code (IBM) have now 19 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 165 and 115 calculating the average target price we see 143.47. Now with the previous closing price of 128.89 this indicates there is a potential upside of 11.3%. The day 50 moving average is 129.24 and the 200 day moving average is 130.11. The company has a market capitalisation of $115,975m. Company Website: https://www.ibm.com
The potential market cap would be $129,094m 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 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 was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
