StockNews.com upgraded International Business Machines (NYSE: IBM) from a hold to a buy rating in a research note sent to investors. Other analysts have also reported on IBM, with various price targets and ratings. The company’s stock has a consensus rating of hold and a consensus target price of $181.29.
IBM’s stock opened at $170.55 on Wednesday with a 52-week low of $129.18 and a high of $199.18. The company reported earnings per share of $1.68 for the quarter, beating analyst estimates. They also increased their quarterly dividend to $1.67 per share, representing a dividend yield of 3.92%.
Hedge funds have been adjusting their positions in IBM, with various acquisitions in recent months. The company operates through segments like software, consulting, infrastructure, and financing, providing solutions worldwide.
Overall, IBM’s financial performance and analyst ratings show positive trends, with potential for further growth in the future. Investors seem to be responding positively to the company’s recent developments.
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