IBM (IBM) PT Raised to $166 at Credit Suisse

IBM (IBM) Shares Gain on Solid Results and Strong 2022 Outlook, Analysts Bullish

Shares of IBM (NYSE: IBM) are up nearly 2% in pre-market Wednesday after the company reported better-than-expected results and outlook.

The technology corporation reported first-quarter revenue of $14.20 billion, up 7.7% YoY and topping the consensus estimates of $13.81 billion. Operating EPS stood at $1.40, compared with the consensus estimates of $1.41 per share.

Consulting segment revenue came in at $4.83 billion, up 13% YoY and above the expected $4.62 billion. The company reported software revenue of $5.77 billion, up 12% YoY and just above the consensus projection of $5.7 billion.

Infrastructure revenue... More

IBM (IBM) PT Raised to $165 at BofA Securities

BofA Securities analyst Wamsi Mohan raised the price target on IBM (NYSE: IBM) to $165.00 (from $162.00) while maintaining a Buy rating.

Stocks with Implied Volatility Movement

IBM (NYSE: IBM) volatility index movement increasing vs. 30D HV

UPDATE: IBM (IBM) Prints a Second Quarter of Revenue Growth Acceleration, PT to $157 at Morgan Stanley

(Updated - April 20, 2022 7:36 AM EDT)

Morgan Stanley analyst Erik Woodring raised the price target on IBM (NYSE: IBM ) to $157.00 (from $150.00) while maintaining a Overweight rating after reporting growth acceleration in 1Q22 - to 6% Y/Y growth in constant currency, up from 5% in 4Q21 and 1% in 2021.

The... More

After-Hours Stock Movers 04/19: IBM Gains on Beat; Netflix Plummets on Sub Miss (more...)

After-Hours Stock Movers:

Netflix (NASDAQ: NFLX) 26% LOWER; Q1 global... More

IBM Reports Q1 EPS Beat, Shares Up 2%

IBM (NYSE: IBM) shares were trading around 2% higher after-hours following the companys reported Q1 results, with EPS of $1.40 coming in slightly better than the consensus estimate of $1.38. Revenue grew 8% year-over-year to $14.2 billion, compared to the consensus estimate of $13.85 billion.

Revenues for Software and Consulting... More

IBM forecasts upbeat 2022 revenue on cloud strength; flags Russia hit

By Chavi Mehta

(Reuters) -IBM expects to hit the top end of its revenue growth forecast for 2022, the company said on Tuesday, even as it flagged a $300 million knock to revenue from the suspension of its business in Russia.

Servers from IBM, Dell Technologies Inc and Hewlett Packard Enterprise Co dominate the market in Russia. IBM suspended its operations in March following Moscow's invasion of Ukraine.

The impact from Russia... More

IBM (IBM) Tops Q1 EPS by 2c, Sees Revenue Growth at High End of Model

(Updated - April 19, 2022 4:15 PM EDT)

IBM (NYSE: IBM) reported Q1 EPS of $1.40, $0.02 better than the analyst estimate of $1.38. Revenue for the quarter came in at $14.2 billion versus the consensus estimate of $13.85 billion.

"Demand for hybrid cloud and AI drove growth in... More