International Business Machines with ticker code (IBM) have now 17 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 165 and 111 with the average target price sitting at 141.66. Now with the previous closing price of 150.57 this is indicating there is a potential downside of -5.9%. There is a 50 day moving average of 137.83 while the 200 day moving average is 133.57. The market cap for the company is $134,323m. Company Website: https://www.ibm.com
The potential market cap would be $126,374m 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.
