International Business Machines Corporation (IBM) is one of the world’s leading computer services companies. Net sales break down by activity as follows:
– cognitive solutions and transaction processing software development (42.5%);
– IT services (32.3%): consulting (management of logistic chains, financial performance, CRM, human resources, etc.), application management, systems integration, cloud computing, hosting, technical support services, etc.;
– sale of IT infrastructure (23.6%): hybrid IT infrastructure solutions, microcomputers, servers, peripheral devices, networks, data storage equipment, etc.;
– financing of computer equipment (1.2%);
– other (0.4%).
Net sales are distributed geographically as follows: the United States (40.9%), Americas (10.3%), Europe/Middle East/Africa (29.9%) and Asia/Pacific (18.9%).
Stifel Adjusts Price Target on International Business Machines to $271 From $246, Maintains Buy Rating -January 30, 2025 at 06:41 am EST
Stifel, a leading global investment bank, has adjusted its price target on International Business Machines (IBM) to $271 from $246 while maintaining its Buy rating on the stock. The updated price target reflects Stifel’s positive outlook on IBM’s future performance and growth potential.
IBM, a multinational technology company known for its hardware, software, and services offerings, has been experiencing steady growth and innovation in recent years. Stifel’s decision to raise the price target is a testament to the company’s strong fundamentals and strategic direction.
Investors interested in IBM should take note of this updated price target and consider the Buy rating from Stifel as a positive indicator of the company’s prospects. As always, it’s important to conduct thorough research and analysis before making any investment decisions.
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Stifel, International Business Machines, Price Target Adjustment, Buy Rating, Stock Market News, Investment Analysis, January 30 2025, Stifel Analyst Report, IBM Stock Price, Financial Forecasting
