International Business Machines Corporation IBM

@IBM Nice!

IBM ‼️?

$IBM

$200+

$IBM ? Goldman Sachs initiates IBM as a buy

Dow Jones Industrial Average member IBM is primed for strong gains ahead, according to Goldman Sachs.

Analyst James Schneider initiated the legacy tech giant with a buy rating. His $200 price target implies upside of 16% from Friday’s close. Shares were up 1% in the premarket.

“IBM is a diversified provider of software, IT services, and enterprise hardware to global enterprise customers. We believe that IBM is in the middle innings of pivoting its portfolio to a suite of modernized application and infrastructure software and a broader array of services, away from a legacy-focused portfolio,” Schneider wrote.

“We think the company is on track to sustain 5% - 7% long-term revenue growth and ~10% FCF growth, driven by growth in AI products and services, market share gains in consulting, and growth in its core software portfolio,” he added.

Shares are up more than 5% for the year, outperforming the Dow. However, they lag the S&P 500′s 14.6% surge for 2024.

Below 160 today

$IBM We are going to surprise everyone. Going much higher ??

$IBM ?

$IBM ?

$IBM stop with the jokester companies ? #pltr #csco #smci

$IBM you may have no idea what you are holding! ?