Benzinga - by Avi Kapoor, Benzinga Staff Writer.
International Business Machines Corporation (NYSE:IBM) is expected to release earnings results for its first quarter, after the closing bell on April 24, 2024.
Analysts expect the Armonk, New York-based company to report quarterly earnings at $1.60 per share, up from $1.36 per share in the year-ago quarter. IBM is projected to report quarterly revenue of $14.55 billion, compared to $14.25 billion in the year-earlier period, according to data from Benzinga Pro.
On Jan. 30, IBM's board of directors declared a regular quarterly cash dividend of $1.66 per common share.
IBM shares rose 0.2% to close at $182.19 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Jefferies analyst Brent Thill maintained a Hold rating and cut the price target from $215 to $210 on April 23, 2024. This analyst has an accuracy rate of 78%.
- UBS analyst David Vogt maintained a Sell rating and raised the price target from $125 to $130 on April 22, 2024. This analyst has an accuracy rate of 76%.
- B of A Securities analyst Wamsi Mohan maintained a Buy rating and increased the price target from $200 to $220 on March 14, 2024. This analyst has an accuracy rate of 75%.
- BMO Capital analyst Keith Bachman maintained a Market Perform rating and boosted the price target from $155 to $210 on Jan. 25, 2024. This analyst has an accuracy rate of 78%.
- Evercore ISI Group analyst Amit Daryanani upgraded the stock from In-Line to Outperform and increased the price target from $165 to $200 on Jan. 19, 2024. This analyst has an accuracy rate of 73%.
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