UBS Cuts IBM's (IBM) Target Price on Weak Software
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/12/2026
- Wall St gains as AI earnings lift tech, inflation data supports rate-hold bets
- Oil prices dip as investors weigh lower demand forecasts against US-Iran talks deadlock
- CoreWeave soars after fifth straight quarter of record revenue, raised guide
- Four key things investors will watch in Nvidia's earnings next week
- Silver could surge to $90 as investment demand takes over, Citi says
- Lumentum Holdings (LITE) Tops Q4 EPS by 28c, Beats on Revenue; Offers Q1 Guidance
- Aurora Cannabis rejects Curaleaf's unsolicited $4-per-share takeover bid
- AbCellera Biologics (ABCL) PT Raised to $30 at Truist on 'best-in-class potential'
- Crude Inventory Rose 17.2 Million Barrels Last Week - EIA
- Wall Street ends down as US-Iran peace optimism fades
- After-Hours Movers: CRWV, NBIS, SMCI, LITE, CAVA, HRB
- After-Hours Movers: P, RIOT, BW, RKLB, HIMS, UPWK
- After-Hours Movers: TEAM, NET, TWLO, DOCS, FROG, DV, TTD, ABNB, DKNG, SG, RKT
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
- After-Hours Movers: SPCX, AMD, ANET, PINS, APPS, UPST, ZETA, BKNG, LCID, CPNG, MTCH
IBM's gloomy forecast weighs down shares
January 20, 2016 8:44 AM EST(Reuters) - International Business Machines Corp's shares touched a five-year low on Wednesday, a day after the company forecast weak earnings, underscoring challenges in its software business as it transitions to new growth areas.
The company's shares were down 6 percent at $120.40 in early trading. At least 11 brokerages lowered their price target on the stock.
IBM forecast 2016 adjusted earnings of "at least" $13.50 per share, below the average analyst estimate of $15 per... More
Q4 Shows IBM (IBM) Transition Continues - Jefferies
January 20, 2016 8:38 AM ESTJefferies analyst, James Kisner, reiterated his Underperform rating and $110 PT on IBM (NYSE: IBM) following Q4 results. Weakness in software and services bookings continue to plague the company.
Adjusting for taxes, Q4 EPS missed consensus. CY16 EPS and FCF guidance was disappointing... More
Drexel Hamilton Cuts Price Target on IBM (IBM) Following 4Q Earnings
January 20, 2016 8:18 AM ESTDrexel Hamilton maintained a Buy rating on IBM (NYSE: IBM), and cut the price target to $160.00 (from $170.00), following the company's 4Q earnings report. Drexel expects that IBM will remain in transition mode in 2016; however, the company has set the EPS bar low and sentiment... More
RBC Capital Cuts Price Target on IBM (IBM) Following 4Q EPS Beat
January 20, 2016 7:17 AM ESTRBC Capital maintained a Sector Perform rating on IBM (NYSE: IBM), and cut the price target to $135.00 (from $145.00), following the company's 4Q warnings report. IBM reported revenue of $22.1B which was in-line with Street expectations, while operating EPS of $4.84 was ahead of Street estimates of $4.81.
Analyst... More
IBM (IBM) Sees FY16 EPS of at Least $13.50 vs Consensus of $15
January 19, 2016 5:34 PM ESTIBM (NYSE: IBM) Sees FY16 EPS of at Least $13.50 vs Consensus of $15
... MoreIBM (IBM) Tops Q4 EPS by 3c
January 19, 2016 4:06 PM ESTIBM (NYSE: IBM) reported Q4 EPS of $4.84, $0.03 better than the analyst estimate of $4.81. Revenue for the quarter came in at $22.06 billion versus the consensus estimate of $22.04 billion.
Strategic imperatives revenue of $28.9 billion now represents 35 percent of total IBM revenue, up 26 percent... More
