S&P 500, NASDAQ on track for more records
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2don MSN
IBM's stock price is down today as the tech giant beat Wall Street expectations for revenue and profit, but missed on this key point.
IBM is currently witnessing an uptrend in estimate revisions. Earnings estimates for 2025 have jumped 1.5% to $10.95 over the past 60 days, while the same for 2026 has increased 0.4% to $11.66.
Wedbush analyst maintains Outperform rating and $325 price forecast for IBM. Strong fiscal Q2 results and reaffirmed full-year guidance. AI book of business accelerates to $7.5 billion.