IBM (IBM)

• Market cap: $207B
• 1 day: -0.25%
• 5 days: -3.19%
• 1 month: 4.08%
• 3 months: 2.60%
• 6 months: 28.43%
• Year to date: 38.30%
• 1 year: 39.56%
• 5 years: 72.31%
• 10 years: 44.72%
• Sector: Information Technology
• Industry: Computer & Office Equipment

About: IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients, which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.

Employees: 282,200

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

133% more first-time investments, than exits

New positions opened: 293 | Existing positions closed: 126

83% more funds holding in top 10

Funds holding in top 10: 48 [Q2] → 88 (+40) [Q3]

51% more call options, than puts

Call options by funds: $4.17B | Put options by funds: $2.75B

26% more capital invested

Capital invested by funds: $102B [Q2] → $128B (+$26.6B) [Q3]

6% more funds holding

Funds holding: 2,704 [Q2] → 2,871 (+167) [Q3]

3% more repeat investments, than reductions

Existing positions increased: 1,109 | Existing positions reduced: 1,077

0.45% less ownership

Funds ownership: 61.39% [Q2] → 60.94% (-0.45%) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $222 1% downside
• Avg. target: $246 10% upside
• High target: $260 16% upside

7 analyst ratings

• positive: 4 57%
• neutral: 3 43%
• negative: 0 0%

Morgan Stanley Erik Woodring 52% 1-year accuracy 14 / 27 met price target	1% downside $222	Equal-Weight Maintained	16 Dec 2024
RBC Capital Matthew Swanson 50% 1-year accuracy 15 / 30 met price target	12% upside $250	Outperform Reiterated	24 Oct 2024
BMO Capital Keith Bachman 80% 1-year accuracy 47 / 59 met price target	16% upside $260	Market Perform Maintained	24 Oct 2024
Jefferies Brent Thill 75% 1-year accuracy 41 / 55 met price target	10% upside $245	Hold Maintained	21 Oct 2024
Stifel David Grossman 48% 1-year accuracy 13 / 27 met price target	10% upside $246	Buy Maintained	16 Oct 2024