IBMIBMInternational Business Machines Corporation
$226.06
24h
-0.53%
Hardik ShahHardik Shah
16 Jul, 11:26

Argus maintains Buy on IBM with reduced price target

Bullish+7.04%

AI Summary

Argus maintains a Buy rating on IBM despite cutting the price target to $280 from $360, citing near-term Q2 shortfall but modeling long-term growth at a reduced rate.

$IBM | Argus maintains 𝐁𝐮𝐲 on 𝐈𝐁𝐌, 𝐜𝐮𝐭𝐬 𝐏𝐓 𝐭𝐨 $𝟐𝟖𝟎 𝐟𝐫𝐨𝐦 $𝟑𝟔𝟎 Analyst sees customers shifting purchases to lock in prices, causing a Q2 short-fall, but models long-term growth at a reduced rate. https://x.com/AIStockSavvy/status/2077716493383377066/photo/1

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