- IBM sets an ambitious target to launch a large-scale, fault-tolerant quantum computer by 2029.
- Analysts provide varied price targets for IBM, with a potential downside from current stock levels.
- GuruFocus estimates indicate a significant downside risk based on GF Value calculations.
IBM (NYSE: IBM) has boldly announced its goal to develop the first large-scale, fault-tolerant quantum computer, dubbed the IBM Quantum Starling, by the year 2029. This groundbreaking innovation aims to transform computing capabilities by performing up to 20,000 times more operations than current computers, with profound implications for sectors such as drug development and materials discovery.
Wall Street Analyst Insights
According to projections from 18 industry analysts, the average one-year price target for International Business Machines Corp (IBM, Financial) is set at $250.91. This includes a high projection of $300.00 and a low of $170.00. Currently priced at $272.08, this average target suggests a potential downside of 7.78%. For more in-depth projections, please visit the International Business Machines Corp (IBM) Forecast page.
Brokerage Firm Consensus
The consensus among 23 brokerage firms places IBM's average brokerage recommendation at 2.4, which indicates an "Outperform" rating. In this scale from 1 to 5, a rating of 1 represents a "Strong Buy," while a 5 suggests a "Sell."
Evaluating IBM's GF Value
GuruFocus provides an estimated GF Value of $164.15 for IBM over the next year, which reflects a potential downside of 39.67% compared to the current market price of $272.08. The GF Value is determined by assessing historical trading multiples, past performance metrics, and prospective business growth. Further detail on these evaluations can be accessed via the International Business Machines Corp (IBM, Financial) Summary page.
