By Sultan Khalid
Publication Date: 2026-05-12 19:07:00
With an annual dividend yield of 3.02%, International Business Machines Corporation (NYSE:IBM) is included among the 12 Best Blue Chip Dividend Stocks to Buy Now.
International Business Machines Corporation (NYSE:IBM) is a provider of global hybrid cloud and AI and consulting expertise.
On May 7, RBC Capital trimmed its price target on International Business Machines Corporation (NYSE:IBM) from $330 to $300, while maintaining an ‘Outperform’ rating on the shares. The lowered target still indicates an upside potential of over 30% from the current price levels.
The move comes after RBC Capital attended IBM’s Think user conference, where the company’s management provided a revised strategic outlook, centered on its core pillars of hybrid cloud and AI, as well as the emerging quantum computing business. Moreover, the analyst added that the price target cut reflects peer multiple compression.
International Business Machines…
