IBM RELEASES SECOND-QUARTER RESULTS

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IBM (IBM) PT Raised to $211 at RBC Capital

July 25, 2024 6:35 AM EDT

RBC Capital analyst Matthew Swanson raised the price target on IBM (NYSE: IBM) to $211.00 (from $200.00) while maintaining a Outperform rating.

The analyst comments "IBM delivered solid key metrics including upside to FCF which carried through to FY/25 guidance as well as... More

IBM (IBM) PT Raised to $190 at JPMorgan

July 25, 2024 5:10 AM EDT

JPMorgan analyst Brian Essex raised the price target on IBM (NYSE: IBM) to $190.00 (from $185.00) while maintaining a Neutral rating.

The analyst comments "Better than expected growth and margin expansion drive an EPS beat and a bump to FY24 FCF guidance. IBM delivered another quarter of better than expected Software growth, healthy AI deal traction, better than expected non-GAAP earnings, and better cash flow. Software performance was supported by Red Hat growth (although decelerated slightly this Q), accelerating Automation growth (aided by inorganic contribution), and better Transaction Processing... More

IBM (IBM) Tops Q2 EPS by 26c

July 24, 2024 4:09 PM EDT

IBM (NYSE: IBM) reported Q2 EPS of $2.43, $0.26 better than the analyst estimate of $2.17. Revenue for the quarter came in at $15.8 billion versus the consensus estimate of $15.62 billion.

Full-Year 2024 Expectations:

Revenue: The company continues to expect constant currency revenue growth... More