BofA Securities analyst Wamsi Mohan maintains $IBM Corp (IBM.US)$ with a buy rating, and maintains the target price at $250.
According to TipRanks data, the analyst has a success rate of 59.6% and a total average return of 11.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $IBM Corp (IBM.US)$'s main analysts recently are as follows:
IBM fell short of the anticipated Q3 revenue and operating income, impacted by underperformance in Consulting/Infrastructure segments and significant workforce rebalance charges. Despite a notable positive in Software growth, the recent high trading levels of the shares suggest that a more unblemished quarterly result was necessary to maintain the current trajectory.
The company's recent financial performance showed mixed results, with a shortfall in revenue attributed to the Consulting and Infrastructure sectors. Despite this, the robust growth in the Software division, bolstered by recent mergers and acquisitions, presents an optimistic growth outlook for FY25, potentially enhanced by the incorporation of HashiCorp. Nonetheless, there is skepticism concerning the company's ability to achieve sustained growth in Software, coupled with an expectation that margin issues will continue.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
