IBM was recently analyzed by 14 analysts, with a range of views from bullish to bearish. The table provided shows the breakdown of their ratings over the past 30 days and compares them to previous months.
Analysts have set a 12-month price target for IBM, with an average target of $183.93. The highest estimate is $220.00, and the lowest is $130.00. The current average price target has increased by 0.11% from the previous average.
Recent analyst actions show a variety of ratings and price target adjustments. Analysts like Matthew Swanson from RBC Capital and David Grossman from Stifel have maintained their ratings, while others like Stefan Slowinski from Exane BNP Paribas have announced a low performance rating.
Key insights from analyst actions include the classification of stocks from “outperform” to “underperform” and analysts adjusting their recommendations based on market conditions and company performance. Comparing current and previous price targets provides insight into the evolving expectations of analysts.
IBM aims to meet all IT needs by offering software, services, consulting, and hardware. The company operates globally and has a strong presence in the market. IBM’s financial performance includes a high market capitalization, revenue growth rate of 1.47% as of March 31, 2024, strong net margin of 11.1%, and impressive return on equity (ROE) and return on assets (ROA). However, the company’s debt-to-equity ratio is higher than the industry average, indicating reliance on borrowed funds.
Analyst ratings provide guidance for investors based on analysts’ predictions and assessments of stocks or sectors. It is important to consider that analysts are human and their ratings are based on their opinions and analysis of available information.
Overall, analyzing analyst ratings, financial metrics, and IBM’s position in the market can provide a comprehensive view of the company’s performance. Keeping track of analyst updates can help investors make informed decisions in the market.
Article Source
https://www.benzinga.com/insights/analyst-ratings/24/05/38966652/14-analysts-assess-ibm-what-you-need-to-know