In a report released yesterday, Jeff Kvaal from Nomura maintained a Buy rating on International Business Machines (IBM), with a price target of $135.00. The company’s shares closed last Wednesday at $118.57.
According to TipRanks.com, Kvaal is a 5-star analyst with an average return of 7.5% and a 57.4% success rate. Kvaal covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, CommScope Holding, and Dell Technologies.
Currently, the analyst consensus on International Business Machines is a Moderate Buy with an average price target of $133.42, representing an 11.3% upside. In a report issued on April 6, Merrill Lynch also reiterated a Buy rating on the stock with a $145.00 price target.
The company has a one-year high of $158.75 and a one-year low of $90.56. Currently, International Business Machines has an average volume of 7.31M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IBM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
International Business Machines Corp.