In a report issued on July 8, Amit Daryanani from RBC Capital reiterated a Buy rating on IBM (NYSE: IBM), with a price target of $175. The company’s shares opened today at $145.90.
According to TipRanks.com, Daryanani is a top 100 analyst with an average return of 26.0% and a 81.0% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Texas Instruments, and Western Digital.
IBM has an analyst consensus of Moderate Buy, with a price target consensus of $179.38, a 22.9% upside from current levels. In a report issued on June 28, Nomura also initiated coverage with a Buy rating on the stock with a $160 price target.
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IBM’s market cap is currently $134.4B and has a P/E ratio of 24.04. The company has a Price to Book ratio of 7.37.
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