RBC Capital analyst Matthew Swanson maintained a Buy rating on International Business Machines (IBM – Research Report) yesterday and set a price target of $200.00. The company’s shares closed yesterday at $168.91.
According to TipRanks, Swanson is an analyst with an average return of -1.8% and a 47.52% success rate. Swanson covers the Technology sector, focusing on stocks such as Adobe, International Business Machines, and Trade Desk.
In addition to RBC Capital, International Business Machines also received a Buy from Bank of America Securities’s Wamsi Mohan in a report issued on April 24. However, yesterday, Bernstein maintained a Hold rating on International Business Machines (NYSE: IBM).
IBM market cap is currently $167B and has a P/E ratio of 22.39.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IBM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
International Business Machines (IBM) Company Description:
Founded in 1911, New York-based International Business Machines Corp. is an information technology and consulting company, which provides integrated solutions and services worldwide. It operates through the following segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.
