In a report released today, Keith Bachman from BMO Capital maintained a Hold rating on IBM (IBM), with a price target of $145. The company’s shares opened today at $123.90.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 14.5% and a 65.2% success rate. Bachman covers the Technology sector, focusing on stocks such as DXC Technology Company, Infosys Limited, and Salesforce.com.
IBM has an analyst consensus of Moderate Buy, with a price target consensus of $164.58.
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Based on IBM’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $18.76 billion and net profit of $2.69 billion. In comparison, last year the company earned revenue of $19.15 billion and had a net profit of $2.73 billion.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IBM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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