Argus Lowers International Business Machines (NYSE:IBM) Price Target to $280.00

International Business Machines (NYSE:IBM) had its price objective dropped by analysts at Argus from $360.00 to $280.00 in a research note issued on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the technology company’s stock. Argus’ price target points to a potential upside of 31.74% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Citigroup upped their price target on International Business Machines from $285.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. HSBC lowered International Business Machines from a “hold” rating to a “reduce” rating and decreased their price objective for the stock from $231.00 to $191.00 in a report on Tuesday. Wedbush set a $350.00 price objective on International Business Machines in a research note on Tuesday, June 2nd. Barclays assumed coverage on shares of International Business Machines in a report on Monday, June 1st. They set an “overweight” rating and a $350.00 price objective on the stock. Finally, Needham & Company LLC initiated coverage on shares of International Business Machines in a research report on Wednesday, June 3rd. They set a “buy” rating for the company. Fifteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and an average price target of $292.89.

International Business Machines Trading Down 3.0%

NYSE:IBM opened at $212.54 on Thursday. International Business Machines has a 12 month low of $204.44 and a 12 month high of $332.46. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The firm’s 50 day moving average is $263.84 and its 200 day moving average is $263.58. The stock has a market capitalization of $199.76 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.13 and a beta of 0.68.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The business had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same period in the prior year, the company earned $1.60 earnings per share. International Business Machines’s revenue was up 9.5% compared to the same quarter last year. Sell-side analysts expect that International Business Machines will post 12.33 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Family CFO Inc purchased a new stake in International Business Machines in the 4th quarter worth approximately $25,000. Basepoint Wealth LLC purchased a new position in shares of International Business Machines during the 4th quarter valued at $25,000. Portus Wealth Advisors LLC purchased a new position in shares of International Business Machines during the 1st quarter valued at $26,000. Joseph Group Capital Management bought a new position in shares of International Business Machines in the fourth quarter worth $28,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of International Business Machines in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Key Stories Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.