IBM shares tumble on soft results amid high expectations

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Go back to IBM shares tumble on soft results amid high expectations

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