International Business Machines Corporation ($IBM) Stock Forecast: Up 5.9% Today

What is International Business Machines Corporation?

IBM (NYSE: IBM) is a multinational technology company known for its hardware, software, and services offerings. It is a prominent player in the tech industry, with a focus on areas such as artificial intelligence, cloud computing, and blockchain technology.

Why is International Business Machines Corporation going up?

IBM stock is up 5.9% on Jul 25, 2024 17:43

• IBM's stock experienced a strong bullish movement following the release of its upbeat quarterly earnings report.
• The company reported earnings of $2.43 per share, surpassing analyst expectations, which contributed to the positive market sentiment.
• Analysts are optimistic about IBM's future performance, particularly highlighting the growth potential of its AI business segment.
• The overall positive market sentiment towards IBM was also supported by the broader bullish trend in U.S. stocks, with the Dow Jones index gaining more than 1% on the same day.

IBM Price Chart

IBM News

IBM Posts Upbeat Earnings, Joins ServiceNow, Helmerich & Payne, RTX, Nasdaq And Other Big Stocks Moving Higher On Thursday - IBM ( NYSE:IBM )

U.S. stocks were higher, with the Dow Jones index gaining more than 1% on Thursday. Shares of International Business Machines Corporation IBM rose during Thursday's session following strong quarterly earnings. IBM reported quarterly earnings of $2.43 per share, which beat the analyst consensus ...

https://www.benzinga.com/news/24/07/39965329/ibm-posts-upbeat-earnings-joins-servicenow-helmerich-payne-rtx-nasdaq-and-other-big-stocks-moving-hi

The Edge of Tomorrow: AI Stocks to Buy for 2025 Mega-Gains

While the most common current examples of artificial intelligence (AI) are the large language models (LLM) like OpenAI’s ChatGPT and Microsoft’s (NASDAQ:MSFT) Copilot, the future of the technology is likely far more multi-faceted than question-and-answer chatbots. Moreover, the current involvement of various tech companies in the development of AI means that some future AI stocks have yet to reach their potential. Companies that currently focus on applying the machine learning software capabilities of AI are more likely to have a broader impact on the tech industry, thereby generously growing their valuations. These companies are currently exploring new avenues for AI applications through research and development, as well as the launch of novel products. Investors may want to keep a close eye on these currently broad tech companies that could become highly critical future AI stocks. As always, these companies have been selected on both the merits of their financial performance and their ability to provide long-term stability.

https://investorplace.com/2024/07/the-edge-of-tomorrow-ai-stocks-to-buy-for-2025-mega-gains/

IBM, ServiceNow rise; Waste Management, Ford fall, Thursday, 7/25/2024

Stocks that traded heavily or had substantial price changes on Thursday:

https://www.startribune.com/ibm-servicenow-rise-waste-management-ford-fall-thursday-7252024/600385972/

IBM''s AI Bookings To Drive Share Gains, Though ''Revenue Contribution Of AI Is Currently Small''

IBM (NYSE: IBM ) shares were climbing in early trading on Thursday after the company reported its second-quarter results . The results came amid an exciting earnings season . Here are some key analyst takeaways. Goldman Sachs On IBM Analyst James Schneider reiterated a Buy rating while raising the price target from $200 to $205. IBM reported revenues of $15.77 billion, slightly higher than consensus of $15.63 billion, with total revenue from continuing operations up 3.8% in constant currency terms, Schneider said in a note. "Software and Infrastructure revenue were above the Street, but Consulting came in below," he added. The company''s earnings from continuing operations came in at $2.43 per share, surpassing Street''s $2.18 per share, the analyst stated. Strong AI bookings performance is likely to be "an incremental positive that should help drive share gains in the Consulting business in the medium term," he further wrote. RBC Capital Markets On IBM Analyst Matthew Swanson maintained an Outperform rating while lifting the price target from $200 to $211.

https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39964452/ibms-ai-bookings-to-drive-share-gains-though-revenue-contribution-of-ai-is-currentl

IBM Surges After Q2 Earnings Beat and Raised FY24 Guidance

IBM Surges After Q2 Earnings Beat and Raised FY24 Guidance

https://www.gurufocus.com/news/2481904/ibm-surges-after-q2-earnings-beat-and-raised-fy24-guidance

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International Business Machines Corporation Price History

25.03.2024 - IBM Stock was down 7.9%

• IBM stock saw a notable decline of over 9%.
• The market responded negatively to challenges faced by IBM's consulting business as enterprises scaled back due to economic uncertainty and high interest rates.
• The overall market sentiment was pessimistic, with the Dow falling by over 400 points due to inflation and growth concerns, impacting IBM's performance.
• Despite positive earnings and acquisition news from IBM, market pressures and spending limitations within enterprises overshadowed these developments, resulting in the stock's bearish movement.

04.03.2024 - IBM Stock was down 1.1%

• Experienced a bearish movement.
• The return of free blue checks on Elon Musk's X platform possibly diverted market attention from IBM.
• Investor interest in dividend stocks for passive income may have impacted IBM negatively.
• Microsoft's progress in quantum computing potentially attracted investors towards tech companies like Microsoft, resulting in a sell-off of IBM shares.

15.03.2024 - IBM Stock was down 1.8%

• Today, IBM experienced a notable bearish movement with the following contributing factors:
• A recent downgrade from a "buy" rating to a "hold" rating.
• Fujitsu's establishment of a significant cyber team to compete with IBM, potentially signaling heightened competition in the cybersecurity industry.
• Investors showing caution with the S&P 500 nearing its 50-day moving average, resulting in a shift away from riskier stocks like IBM.
• Increased market volatility and uncertainty leading investors to seek safer investment options.

25.03.2024 - IBM Stock was down 7.7%

• IBM stock fell sharply in today's pre-market trading after reporting weak revenue in the first quarter, contributing to the overall bearish sentiment in the market.
• The negative performance of tech stocks, including IBM, was influenced by disappointing earnings reports from companies like Meta Platforms, adding to the downward pressure on the Nasdaq Index.
• Despite IBM's Q1 earnings beating expectations, the miss in revenues despite solid demand for hybrid cloud and AI solutions likely disappointed investors, leading to the bearish movement in the stock.
• The broader market decline, triggered by Meta's significant drop in market cap and weak GDP data, also played a role in IBM's downward movement as investors reacted to the overall negative sentiment.

04.03.2024 - IBM Stock was down 1.1%

• The decline in IBM's stock today may be due to profit-taking by investors following a recent period of gains.
• Investor interest in dividend stocks for generating passive income may have diverted attention away from growth stocks like IBM, prompting a sell-off.
• Concerns about the competitive landscape in quantum computing, particularly with notable advancements from other companies, could have cast uncertainty on IBM's position in the technology sector.
• The prevailing negative sentiment towards tech stocks in April, including recommendations to sell by some analysts, likely contributed to the pressure on IBM's stock price.

25.03.2024 - IBM Stock was down 8.6%

• Today, IBM saw a significant decrease in its stock price, dropping by over 9%. Here are some key factors that may have influenced this market movement:
• IBM's consulting business faced challenges as companies cut back on spending due to economic uncertainties and high interest rates, resulting in reduced demand for their services.
• The overall market sentiment was negative, driven by worries about inflation, slow growth, and disappointing earnings reports from various companies like Meta Platforms and Caterpillar, contributing to the downward trend.
• Investors likely had a strong reaction to IBM's earnings update, which may have fallen below expectations, intensifying the stock's decline.
• A combination of economic conditions, market sentiment, and IBM's performance probably played a role in the decrease in IBM's stock price today.

26.00.2024 - IBM Stock was up 9.3%

• The bullish movement in IBM's stock today can be attributed to the following factors:
• 1. Positive Q4 Earnings: The release of IBM's Q4 earnings update, which showcased strong performance, likely contributed to the bullish movement. The company's financial results exceeded expectations, boosting investor confidence in its future prospects.
• 2. Analyst Recommendations: Analysts have been bullish on IBM, highlighting its potential for growth and outperformance compared to its peers. This positive sentiment from analysts may have influenced investors to buy the stock, driving its upward movement.
• 3. Market Sentiment: The overall market sentiment towards technology stocks, including IBM, has been positive. The "Magnificent Seven" tech stocks, including IBM, have been gaining attention and outperforming the broader market. This positive market sentiment may have contributed to the bullish movement in IBM's stock.
• 4. Bargain Opportunity: Some investors may have viewed IBM as a bargain opportunity, considering its recent performance and valuation. This perception of undervaluation could have attracted buyers, leading to the bullish movement.
• In summary, IBM's bullish movement today can be attributed to positive earnings, favorable analyst recommendations, positive market sentiment towards technology stocks, and the perception of a bargain opportunity.

25.03.2024 - IBM Stock was down 8.0%

• IBM experienced a strong bearish movement today, falling sharply in pre-market trading after reporting mixed first-quarter financial results.
• The overall market sentiment was negative, with US stocks opening sharply lower due to concerns about inflation and low growth. Meta Platforms' disappointing revenue guidance and higher capex projections also contributed to the market downturn.
• IBM's acquisition of HashiCorp for $35 per share in cash might have impacted its stock performance, as investors assessed the implications of the deal on IBM's financials and growth prospects.
• The combination of IBM's weak revenue report, overall market pessimism, and specific industry challenges likely led to the significant bearish movement in IBM's stock price today.

25.03.2024 - IBM Stock was down 8.6%

• IBM's stock declined despite strong earnings, signaling that meeting expectations may not always be enough for investors.
• The market sentiment was pessimistic, with U.S. equities falling due to lower-than-expected economic growth in the first quarter and rising inflation.
• Factors such as disappointing earnings reaction and broader economic worries likely contributed to IBM's stock decline.
• Developments in the green economy and digital skills could benefit IBM in the long run, but short-term concerns dominated today's market activity.

25.06.2024 - IBM Stock was up 5.9%

• IBM's stock experienced a strong bullish movement following the release of its upbeat quarterly earnings report.
• The company reported earnings of $2.43 per share, surpassing analyst expectations, which contributed to the positive market sentiment.
• Analysts are optimistic about IBM's future performance, particularly highlighting the growth potential of its AI business segment.
• The overall positive market sentiment towards IBM was also supported by the broader bullish trend in U.S. stocks, with the Dow Jones index gaining more than 1% on the same day.

25.06.2024 - IBM Stock was up 5.3%

• Strong second-quarter earnings were reported by IBM, surpassing revenue projections and demonstrating an increased demand for AI.
• BMO raised IBM's share price target, reflecting optimism in the company's financial performance driven by positive margin and free cash flow expectations.
• The market sentiment towards AI-related stocks like IBM appears upbeat, as indicated by the rise in IBM shares, despite concerns about a potential AI bubble affecting other tech stocks.

25.06.2024 - IBM Stock was up 6.2%

• IBM's stock experienced a surge following the release of strong earnings for the second quarter, surpassing analyst expectations with earnings per share of $2.43.
• The company's robust performance was linked to its advancements in AI technologies, which are experiencing high demand and resulted in revenue exceeding forecasts.
• IBM's strategic focus on sought-after technologies like AI and software solutions appears to have yielded positive results, evident in investor confidence and the stock's ascent.
• The overall favorable market sentiment, with the Dow Jones index gaining over 1%, also played a role in IBM's bullish trajectory today.