IBM (IBM)

• Market cap: $208B
• 1 day: 0.96%
• 5 days: 3.17%
• 1 month: -1.83%
• 3 months: -3.47%
• 6 months: 19.92%
• Year to date: 2.21%
• 1 year: 35.35%
• 5 years: 70.00%
• 10 years: 49.81%
• 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)

231% more first-time investments, than exits

New positions opened: 295 | Existing positions closed: 89

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: $4.19B | Put options by funds: $2.77B

27% more capital invested

Capital invested by funds: $103B [Q2] → $131B (+$28B) [Q3]

6% more funds holding

Funds holding: 2,708 [Q2] → 2,879 (+171) [Q3]

3% more repeat investments, than reductions

Existing positions increased: 1,112 | Existing positions reduced: 1,079

0.04% more ownership

Funds ownership: 62.23% [Q2] → 62.27% (+0.04%) [Q3]

Research analyst outlook

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

• Low target: $160 29% downside
• Avg. target: $225 0% upside
• High target: $260 16% upside

6 analyst ratings

• positive: 1 17%
• neutral: 4 67%
• negative: 1 17%

UBS David Vogt 31% 1-year accuracy 4 / 13 met price target	29% downside $160	Sell Maintained	14 Jan 2025
Bernstein Toni Sacconaghi 20% 1-year accuracy 2 / 10 met price target	4% downside $215	Market Perform Maintained	3 Jan 2025
Morgan Stanley Erik Woodring 43% 1-year accuracy 12 / 28 met price target	1% downside $222	Equal-Weight Maintained	16 Dec 2024
RBC Capital Matthew Swanson 45% 1-year accuracy 17 / 38 met price target	11% upside $250	Outperform Reiterated	24 Oct 2024
BMO Capital Keith Bachman 74% 1-year accuracy 43 / 58 met price target	16% upside $260	Market Perform Maintained	24 Oct 2024