Key Takeaways:
- IBM partners with RIKEN to launch the first IBM Quantum System Two outside the U.S.
- Analysts suggest an "Outperform" rating for IBM, with varied price targets.
- GuruFocus estimates significant downside from current levels.
IBM (IBM, Financial) has strategically partnered with Japan's premier research lab, RIKEN, to unveil the first IBM Quantum System Two outside the United States. Installed at the RIKEN Center for Computational Science, this cutting-edge system integrates IBM's state-of-the-art 156-qubit Quantum Heron processor, driving advancements in Japan's post-5G computing landscape.
Wall Street Analysts' Predictions
According to projections from 18 analysts, the average price target for International Business Machines Corp (IBM, Financial) over the next year stands at $256.19. This range includes a high estimate of $325.00 and a low of $170.00. The average target suggests a potential downside of 11.41% from the current market price of $289.18. For more in-depth price forecast data, visit the International Business Machines Corp (IBM) Forecast page.
Brokerage Recommendations
The aggregated recommendations from 23 brokerage firms position IBM with an average rating of 2.4, categorizing it as "Outperform." The rating system ranges from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
Analyzing GF Value Estimates
According to GuruFocus, the estimated GF Value for IBM in a year's time is $164.03, indicating a potential downside of 43.28% from the current stock price of $289.18. The GF Value reflects GuruFocus' calculated fair trading value based on historical trading multiples, past business growth, and future performance projections. For comprehensive data, refer to the International Business Machines Corp (IBM, Financial) Summary page.
