In a report released yesterday, Wamsi Mohan from Merrill Lynch reiterated a Buy rating on IBM (NYSE: IBM), with a price target of $200. The company’s shares opened today at $147.85.
According to TipRanks.com, Mohan is ranked #743 out of 4841 analysts.
Currently, the analyst consensus on IBM is a Moderate Buy with an average price target of $173.13, which is a 17.1% upside from current levels. In a report issued on July 8, RBC Capital also reiterated a Buy rating on the stock with a $175 price target.
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The company has a one-year high of $171.13 and a one-year low of $137.45. Currently, IBM has an average volume of 4.45M.
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