Merrill Lynch analyst Wamsi Mohan reiterated a Buy rating on International Business Machines (NYSE:IBM) Corporation on Monday, setting a price target of $145, which is approximately 15.90% above the present share price of $125.11.
Mohan expects International Business Machines Corporation to post earnings per share (EPS) of $1.32 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in International Business Machines, with an average price target of $144.25.
The analysts price targets range from a high of $150 to a low of $135.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $17.57 billion and a net profit of $459 million. The company's market cap is $112.2 billion.
According to TipRanks.com, Merrill Lynch analyst Wamsi Mohan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.7% and a 56.28% success rate.
International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. The Cloud & Cognitive Software segment provides integrated and secure cloud, data and solutions to the clients. The Global Business Services segment provides clients with consulting, application management and global process services. The Global Technology Services segment provides comprehensive IT infrastructure and platform services that create business value for clients. The Systems segment provides clients with innovative infrastructure platforms to help meet the requirements of hybrid cloud and enterprise AI workload. The Global Financing segment encompasses two primary businesses: financing, primarily conducted through IBM Credit LLC, and remanufacturing and remarketing. The company was founded by Charles Ranlett Flint and Thomas J. Watson Sr. on June 16, 1911 and is headquartered in Armonk, NY.