IBM's 'prudent' guidance faces higher expectations from investors, say analysts; stock tumbles

IBM's 'prudent' guidance faces higher expectations from investors, say analysts; stock tumbles

By msn.com
Publication Date: 2026-04-23 11:31:00

Shares of IBM (IBM) tumbled about 8% premarket on Thursday after the company’s “prudent” guidance faced expectations of upward pressure from investors, according to the analysts. Wedbush kept its Outperform rating but lowered the price target on the stock to $320 from $340. “IBM reported its FY1Q26 results featuring beats on the top and bottom line…