What To Expect From IBM's Q2 Earnings? BofA Forecasts No Change In Annual Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2024
0mins
Should l Buy IBM?
Source: Benzinga
- Analyst Earnings Preview: BofA Securities analyst Wamsi Mohan provides an earnings preview for IBM ahead of its second-quarter results release, expecting improvements in Software and Consulting revenues in the second half despite near-term risks from a weak macroeconomic environment.
- Investor Insights: IBM stock has gained over 36% in the last 12 months, with investors able to gain exposure through specific ETFs. Analysts are bullish on IBM's ongoing turnaround, revenue growth, and defensive portfolio, reiterating a Buy rating with a price target of $209.
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Analyst Views on IBM
Wall Street analysts forecast IBM stock price to rise
16 Analyst Rating
11 Buy
4 Hold
1 Sell
Moderate Buy
Current: 251.860
Low
210.00
Averages
315.80
High
375.00
Current: 251.860
Low
210.00
Averages
315.80
High
375.00
About IBM
International Business Machines Corporation is a provider of global hybrid cloud and artificial intelligence (AI) and consulting expertise. The Company’s segments include Software, Consulting, Infrastructure and Financing. The Software segment includes hybrid cloud and AI platforms, which allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment is focused on the hybrid cloud infrastructure market, providing on-premises and cloud-based server and storage solutions. In addition, it offers a portfolio of life-cycle services for hybrid cloud infrastructure deployment. The Financing segment provides client and commercial financing, facilitating its clients’ acquisition of hardware, software and services. It helps clients in more than 175 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Mixed Economic Data: Weekly initial unemployment claims rose by 6,000 to 214,000, indicating a weaker labor market than the expected 210,000, while the Chicago Fed national activity index fell to -0.20, signaling a slowdown in economic growth.
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