International Business Machines Corp (IBM)
Has IBM's stock hit its peak?
On October 24, Morgan Stanley reiterated its ‘Equal-weight' rating on IBM but revised the price target downward to $208 from $217. This adjustment reflects concerns over the company's mixed third-quarter performance, where the revenue of $14.97 billion came in below their $15 billion estimate, primarily due to weak Consulting and Infrastructure segments.
Why IBM Stock Is Falling Today
Is IBM stock's hot streak in danger of fizzling out?
IBM Posts Mixed Q3 Results, These Analysts Differ On Prospects
Shares of IBM IBM tanked in early trading on Thursday, after the company reported downbeat third-quarter revenues.
ETFs in Focus as IBM Reports Mixed Q3 Results
IBM beats estimates for earnings but lags the same for revenues.
IBM: Back To Reality Soon
IBM's Q3 '24 earnings report revealed weak growth, with only a 1.5% YoY increase, despite AI hype. The generative AI business shows promise but contributes minimally to the profit picture, with most bookings tied to low-margin consulting services. The stock is overvalued at 22x 2025 EPS targets, requiring unlikely 10%+ growth rates to justify current prices.
IBM's mixed earnings results highlight software strength amid consulting weakness
International Business Machines Corp (NYSE:IBM) shares were still down over 6% on Thursday afternoon after the computing company reported mixed earnings for the third quarter. Jefferies analysts highlighted the contrast between the strong growth in software and the lagging performance in other business areas in a note Thursday.
IBM Stock: Mixed Q3 Results Doesn't Change The Big Picture - Bullish
IBM reported its Q3 earnings with EPS beating expectations, while a soft revenue figure added some volatility to the stock. The company's software segment, continues to deliver strong growth, balancing weaker trends from its infrastructure and consulting segments. The stock offers good value within the tech sector and maintains a positive outlook.
IBM Posts Weak Sales, Joins Garrett Motion, Beyond And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 150 points on Thursday.
IBM's Q3 Earnings Beat, Revenues Miss Despite Solid Demand
Healthy demand trends for hybrid cloud and AI solutions with a broad-based growth help IBM to beat third-quarter 2024 earnings estimate.
IBM Stock Sinks as Quarterly Sales Disappoint
IBM (IBM) shares are dropping 5% in premarket trading Thursday, weighing on Dow Jones Industrial Average futures, after its quarterly revenue fell short of Wall Street estimates.
IBM Stock Falls But Analysts Are Still Bullish. Here's Why.
IBM stock is falling after eanings but analysts see an inflection point ahead and a strong AI book of business.
IBM falls as slowing enterprise spending pressure consulting growth
IBM shares fell about 5% in premarket trading on Thursday, as reduced enterprise spending on non-GenAI projects pressured its consulting segment, clouding software unit strength.
