Morgan Stanley Reaffirms Their Hold Rating on International Business Machines (IBM)

Morgan Stanley analyst Kathryn Huberty maintained a Hold rating on International Business Machines (IBM) today and set a price target of $107.00. The company’s shares closed last Monday at $110.80.

According to, Huberty is a 5-star analyst with an average return of 9.4% and a 57.8% success rate. Huberty covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Dell Technologies, and Seagate Tech.

Currently, the analyst consensus on International Business Machines is a Hold with an average price target of $145.58.

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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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