In a recent update, B of A Securities has announced a revised price target for IBM, raising it from $290.00 to $320.00. This adjustment reflects a 10.34% increase in the projected value of IBM shares. The change underscores a positive outlook for the company's future performance.
The analyst behind this revision, Wamsi Mohan, maintains a "Buy" rating for IBM, consistent with the prior evaluation. This persistent rating suggests confidence in IBM's market position and growth prospects.
The news comes on the heels of IBM's strategic initiatives and technological advancements, contributing to the upbeat sentiment from B of A Securities. Investors closely following IBM will likely find this update significant, as it portrays a robust upward momentum in the stock's potential value in the upcoming months.
For those with stakes in IBM, monitoring the company's progress and market developments will be essential in assessing the impact of this revised price target. As the market evolves, IBM remains a focal point for investors looking to capitalize on its strategic growth trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for International Business Machines Corp (IBM, Financial) is $253.14 with a high estimate of $315.00 and a low estimate of $170.00. The average target implies an downside of 10.93% from the current price of $284.19. More detailed estimate data can be found on the International Business Machines Corp (IBM) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, International Business Machines Corp's (IBM, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for International Business Machines Corp (IBM, Financial) in one year is $164.15, suggesting a downside of 42.24% from the current price of $284.185. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the International Business Machines Corp (IBM) Summary page.
