Stifel Nicolaus analyst David Grossman maintained a Buy rating on International Business Machines (IBM – Research Report) today and set a price target of $190.00. The company’s shares closed yesterday at $168.26.
According to TipRanks, Grossman is a 4-star analyst with an average return of 7.8% and a 57.14% success rate. Grossman covers the Technology sector, focusing on stocks such as Accenture, Epam Systems, and International Business Machines.
In addition to Stifel Nicolaus, International Business Machines also received a Buy from RBC Capital’s Matthew Swanson in a report issued yesterday. However, on May 8, Bernstein maintained a Hold rating on International Business Machines (NYSE: IBM).
Based on International Business Machines’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $14.46 billion and a net profit of $1.61 billion. In comparison, last year the company earned a revenue of $14.25 billion and had a net profit of $927 million
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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.
