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Stock impact report

Evercore ISI Raises IBM Price Target to $330, Adds Stock to Tactical Outperform List [Yahoo! Finance]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: Yahoo! Finance
raised the price target on the stock to $330 from $315 and kept an Outperform rating. The firm also added IBM to its “Tactical Outperform list” ahead of IBM's December-end quarterly results due on Wednesday, January 28. Evercore ISI expects IBM to deliver in-line to slightly better-than-expected Q4 results, driven by Infrastructure strength and improvement in Consulting. Meanwhile, the outlook for Software appears de-risked even though Red Hat's growth has been moderating. The firm believes IBM's ongoing cost-saving initiatives, which are anticipated to reach $4.5 billion in gross run-rate savings by 2025, support margin expansion and EPS upside in Q4. Looking ahead, it also expects IBM to provide formal guidance for CY26, a key area of focus for investors. It forecasts that the company will initially guide to growth at the lower end of its mid-single-digit target range and to about $15 billion in free cash flow. Besides guidance, investors will also be looking for updates on Show less Read more
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