International Business Machines (NYSE:IBM) Price Target Raised to $315.00

International Business Machines (NYSE:IBM) had its target price increased by equities research analysts at Bank of America from $310.00 to $315.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Bank of America‘s price objective indicates a potential upside of 9.54% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley upped their price objective on shares of International Business Machines from $253.00 to $256.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Melius Research raised shares of International Business Machines to a “strong-buy” rating in a research note on Monday, July 7th. Sanford C. Bernstein assumed coverage on shares of International Business Machines in a research note on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. Jefferies Financial Group increased their price target on shares of International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets increased their price target on shares of International Business Machines from $260.00 to $300.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $289.46.

International Business Machines Stock Up 2.0%

Shares of NYSE IBM opened at $287.57 on Thursday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market capitalization of $267.27 billion, a PE ratio of 46.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. The firm’s 50-day moving average is $263.92 and its two-hundred day moving average is $262.56. International Business Machines has a 12-month low of $203.51 and a 12-month high of $301.04.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.20. The business had revenue of $16.33 billion for the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts anticipate that International Business Machines will post 10.78 EPS for the current fiscal year.

Institutional Investors Weigh In On International Business Machines

A number of large investors have recently added to or reduced their stakes in the company. ANB Bank grew its holdings in International Business Machines by 28.5% during the 3rd quarter. ANB Bank now owns 5,485 shares of the technology company’s stock valued at $1,548,000 after purchasing an additional 1,215 shares in the last quarter. Kelly Financial Group LLC grew its holdings in International Business Machines by 28.3% during the 3rd quarter. Kelly Financial Group LLC now owns 906 shares of the technology company’s stock worth $256,000 after acquiring an additional 200 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in International Business Machines by 119.4% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 19,860 shares of the technology company’s stock worth $5,604,000 after acquiring an additional 10,807 shares in the last quarter. Cerity Partners LLC grew its holdings in International Business Machines by 2.0% during the 3rd quarter. Cerity Partners LLC now owns 346,407 shares of the technology company’s stock worth $97,732,000 after acquiring an additional 6,632 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in International Business Machines by 0.4% during the 3rd quarter. North Star Investment Management Corp. now owns 14,308 shares of the technology company’s stock worth $4,037,000 after acquiring an additional 52 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.