IBM stock gets Street high targets ahead of earnings

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

IBM stock gets Street high targets ahead of earnings

) has gained new Street high price targets from Goldman Sachs and Bank of America, reflecting growing confidence in the company's performance.

Bank of America's analysts said in a note that they expect strength in IBM's software segment, particularly driven by improving trends in transaction processing and Red Hat services. The firm noted that while consulting revenues are expected to be flat year-over-year due to a pullback in discretionary projects, the company's consulting business will benefit from backlog conversions and opportunities in generative AI."Reiterate Buy on continued turnaround , defensive portfolio, attractive dividend," stated the bank.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines