In a report released yesterday, Tien Tsin Huang from J.P. Morgan maintained a Hold rating on IBM (NYSE: IBM), with a price target of $160. The company’s shares closed yesterday at $134.05, close to its 52-week low of $133.42.
According to TipRanks.com, Huang is a 5-star analyst with an average return of 14.8% and a 74.2% success rate. Huang covers the Technology sector, focusing on stocks such as Cognizant, Paychex, and Fiserv.
The word on The Street in general, suggests a Hold analyst consensus rating for IBM with a $164.92 average price target, which is a 23.0% upside from current levels. In a report issued on October 10, Cantor Fitzgerald also maintained a Hold rating on the stock with a $152 price target.
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The company has a one-year high of $171.13 and a one-year low of $133.42. Currently, IBM has an average volume of 4.65M.
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