Merrill Lynch Reiterates a Buy Rating on International Business Machines (IBM)

Merrill Lynch analyst Wamsi Mohan reiterated a Buy rating on International Business Machines (IBM) today and set a price target of $145.00. The company’s shares closed last Friday at $106.34.

According to, Mohan is a 4-star analyst with an average return of 2.0% and a 48.3% success rate. Mohan covers the Consumer Goods sector, focusing on stocks such as TE Connectivity, Western Digital, and Sensata.

The word on The Street in general, suggests a Hold analyst consensus rating for International Business Machines with a $145.58 average price target, implying a 36.9% upside from current levels. In a report issued on March 23, Nomura also maintained a Buy rating on the stock with a $135.00 price target.

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Based on International Business Machines’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $21.78 billion and net profit of $3.67 billion. In comparison, last year the company earned revenue of $21.76 billion and had a net profit of $1.95 billion.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IBM in relation to earlier this year.

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International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. The Cloud & Cognitive Software segment provides integrated and secure cloud, data and solutions to the clients. The Global Business Services segment provides clients with consulting, application management and global process services. The Global Technology Services segment provides comprehensive IT infrastructure and platform services that create business value for clients. The Systems segment provides clients with innovative infrastructure platforms to help meet the requirements of hybrid cloud and enterprise AI workload. The Global Financing segment encompasses two primary businesses: financing, primarily conducted through IBM Credit LLC, and remanufacturing and remarketing. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.

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