BMO Capital Markets increased its price objective for International Business Machines (NYSE:IBM) from $148.00 to $155.00 in a research note published on Thursday morning. As of now IBM is divided into four divisions: infrastructure, software, consulting, and financing. Software for business automation, AIOps and management, integration, and application servers, data and artificial intelligence solutions, and security software and services are all provided by the Software segment.
The IT company’s stock presently has a market perform rating from the brokerage. Recently, several additional analysts have also commented on the firm. IBM’s target price was decreased by Morgan Stanley from $147.50 to $143.00. Citigroup raised their price target for International Business Machines from $140.00 to $145.00 and assigned the stock a neutral rating. The firm currently has an average recommendation of Hold and a consensus price target of $142.73, according to MarketBeat.com. Four analysts have given the firm a buy recommendation, five have given a hold recommendation, and one has given the company a sell recommendation.
In the third quarter, Vanguard Group Inc. increased its holding in IBM by 2.2%. After acquiring an additional 1,709,934 shares in the most recent quarter, Vanguard Group Inc now owns 79,079,065 shares of the technology company’s stock, valued at $9,395,384,000. During the first quarter, State Street Corp increased its holdings in IBM by 0.4%, totaling $6,318,730,730.
