IBM (IBM) PT Lowered to $172 at BofA Securities
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IBM (IBM) PT Lowered to $153 at BMO Capital
October 21, 2021 7:39 AM EDTBMO Capital analyst Keith Bachman lowered the price target on IBM (NYSE: IBM) to $153.00 (from $155.00) while maintaining a Market Perform rating.
The analyst commented, "We view the quarter as mixed. Cognitive revenue was weaker and we still struggle supporting guidance that... More
IBM (IBM) Stock Plunges 5% on Sales Miss, Q3 Results Seen as a Setback
October 21, 2021 6:57 AM EDTShares of IBM (NYSE: IBM) are down 5% in pre-open Thursday after the company reported lower-than-expected sales for its third quarter.
IBM reported Q3 EPS of $2.52, slightly ahead of the analyst estimate of $2.50. Revenue for the quarter came in at $17.6 billion versus the consensus estimate of $17.77 billion.
With the separation of Kyndryl early next month, IBM takes the next step in our evolution as a platform-centric hybrid cloud and AI company," said Arvind Krishna, IBM chairman and chief executive officer.
We continue to make progress in our software and consulting... More
