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IBM (IBM) PT Raised to $155 at BMO Capital

January 25, 2022 6:57 AM EST
Get Alerts IBM Hot Sheet
Price: $133.22 -0.59%

Rating Summary:
    14 Buy, 21 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 29 | New: 13
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BMO Capital analyst Keith Bachman raised the price target on IBM (NYSE: IBM) to $155.00 (from $153.00) while maintaining a Market Perform rating following earnings.

The analyst commented, "Given the disposition and all the moving parts, we find it challenging to come to a definitive conclusion. Nevertheless, we come away a bit more positive, mostly driven by Consulting and our enthusiasm for services generally — though our previously voiced concerns about the durability of software growth, keep us on the sidelines. On a like-for-like basis, Red Hat decelerated. We raise our target price from $153 to $155, though stay Market Perform."

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