In a report released today, Keith Bachman from BMO Capital maintained a Hold rating on International Business Machines Corporation (IBM), with a price target of $152.00. The company’s shares closed last Monday at $142.11.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 13.2% and a 63.0% success rate. Bachman covers the Technology sector, focusing on stocks such as DXC Technology Company, Infosys Limited, and Salesforce.com.
Currently, the analyst consensus on International Business Machines Corporation is a Moderate Buy with an average price target of $160.10, which is a 12.4% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock.
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Based on International Business Machines Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $19.16 billion and net profit of $2.5 billion. In comparison, last year the company earned revenue of $18.76 billion and had a net profit of $2.69 billion.
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