IBM (IBM) call put ratio 1 call to 1.5 puts into quarter results

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Goldman Sachs Reiterates Conviction Buy Rating on IBM (IBM)

October 24, 2024 6:18 AM EDT

Goldman Sachs analyst James Schneider reiterated a Conviction Buy rating and $250.00 price target on IBM (NYSE: IBM)

The analyst comments "Key stock takeaways: We expect the stock to pull back following results, as strength in Software was offset by a revenue miss in Consulting and Infrastructure, with tepid Consulting revenue likely continuing into early 2025.... More

Evercore ISI Reiterates Outperform Rating on IBM (IBM)

October 22, 2024 5:40 AM EDT

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $240.00 price target on IBM (NYSE: IBM)

The analyst comments "ALL YOU NEED TO KNOW: IBM will report Sept-qtr results on Wednesday October 23 after market close and we expect the company to report moderate upside vs. consensus revenue/EPS estimates ($15.0B/$2.22). Our sense is that, overall IT spending fundamentals are stable/improving while AI should create another layer of incremental consulting demand. In addition, IBM... More