Equity research analysts at The Goldman Sachs Group initiated coverage on International Business Machines with a “buy” rating and a $200.00 price target. Other analysts have also weighed in on the company, with varying ratings and price targets. On the market, IBM’s stock opened at $172.46 on Monday, with a 1-year low of $129.18 and high of $199.18. The company’s financials show a debt-equity ratio of 2.32 and market capitalization of $158.42 billion, with quarterly earnings exceeding expectations. Institutional investors have been making changes to their stock positions in IBM, with some buying new positions recently. IBM primarily provides integrated solutions and services globally in segments like Software, Consulting, Infrastructure, and Financing.
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https://www.defenseworld.net/2024/06/24/international-business-machines-nyseibm-receives-new-coverage-from-analysts-at-the-goldman-sachs-group.html
