By GuruFocus News
Publication Date: 2026-10-09 12:58:00
On October 09, 2026, Truist Securities initiated coverage of International Business Machines Corp IBM with a Hold rating and a price target of $240. In premarket trading, IBM shares dipped slightly as the market digested the analyst’s cautious outlook. The report highlighted IBM’s strong enterprise computing position but flagged near-term execution risks, especially in the wake of a recent earnings miss and a 20% decline in stock value over the past year.
- IBM’s dividend remains sustainable with a 2.77% yield, a moderate payout ratio of 46%, and steady dividend growth of 0.6% over three years, supported by a GF Value™ of $243.18 indicating the stock is about 6.8% undervalued relative to its intrinsic worth.
- The company’s GF Score™ stands at a solid 77 out of 100, reflecting balanced strengths in profitability and valuation but moderate financial strength and growth prospects.
- Insider activity shows net selling over the past 12 months with $5.8 million in shares sold…
