International Business Machines with ticker code (IBM) have now 19 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 165 and 115 and has a mean target at 143.75. Given that the stocks previous close was at 135.53 this would indicate that there is a potential upside of 6.1%. There is a 50 day moving average of 127.99 and the 200 day MA is 132.37. The market cap for the company is $123,020m. You can visit the company’s website by visiting: https://www.ibm.com
The potential market cap would be $130,481m 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.
