IBM gets lift from software, AI demand as consulting slips
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IBM (IBM) PT Raised to $211 at RBC Capital
July 25, 2024 6:35 AM EDTRBC Capital analyst Matthew Swanson raised the price target on IBM (NYSE: IBM) to $211.00 (from $200.00) while maintaining a Outperform rating.
The analyst comments "IBM delivered solid key metrics including upside to FCF which carried through to FY/25 guidance as well as... More
IBM (IBM) PT Raised to $190 at JPMorgan
July 25, 2024 5:10 AM EDTJPMorgan analyst Brian Essex raised the price target on IBM (NYSE: IBM) to $190.00 (from $185.00) while maintaining a Neutral rating.
The analyst comments "Better than expected growth and margin expansion drive an EPS beat and a bump to FY24 FCF guidance. IBM delivered another quarter of better than expected Software growth, healthy AI deal traction, better than expected non-GAAP earnings, and better cash flow. Software performance was supported by Red Hat growth (although decelerated slightly this Q), accelerating Automation growth (aided by inorganic contribution), and better Transaction Processing... More
