International Business Machines Corporation (IBM)

NYSE: IBM · IEX Real-Time Price · USD
188.20
+3.17 (1.71%)
Mar 1, 2024, 4:00 PM EST - Market closed
1.71%
Market Cap 172.53B
Revenue (ttm) 61.86B
Net Income (ttm) 7.50B
Shares Out 916.75M
EPS (ttm) 8.14
PE Ratio 23.12
Forward PE 18.50
Dividend $6.64 (3.53%)
Ex-Dividend Date Feb 8, 2024
Volume 4,016,254
Open 185.49
Previous Close 185.03
Day's Range 185.18 - 188.38
52-Week Range 120.55 - 196.90
Beta 0.72
Analysts Buy
Price Target 169.09 (-10.15%)
Earnings Date Apr 17, 2024

About IBM

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry.... [Read more]

Sector Technology
Founded 1911
Employees 282,200
Stock Exchange NYSE
Ticker Symbol IBM
Full Company Profile

Financial Performance

In 2023, IBM's revenue was $61.86 billion, an increase of 2.20% compared to the previous year's $60.53 billion. Earnings were $7.50 billion, an increase of 357.72%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for IBM stock is "Buy." The 12-month stock price forecast is $169.09, which is a decrease of -10.15% from the latest price.

Price Target
$169.09
(-10.15% downside)
Analyst Consensus: Buy
Stock Forecasts

News

IBM Announces Availability of Open-Source Mistral AI Model on watsonx, Expands Model Choice to Help Enterprises Scale AI with Trust and Flexibility

IBM offers an optimized version of Mixtral-8x7B that showed potential to cut latency by up to 75% Adds to growing catalogue of IBM, third-party and open-source models to give clients choice and flexib...

3 days ago - PRNewsWire

IBM Study: Sustainability Remains a Business Imperative, But Current Approaches are Falling Short

Three-quarters (76%) of surveyed executives agree that sustainability is central to their business, but nearly half (47%) say they struggle to fund sustainability investments Organizations that embed ...

4 days ago - PRNewsWire

IBM: Here's What Policymakers Can Do About Deepfakes

By Christina Montgomery, Chief Privacy & Trust Officer, IBM and Joshua New, Senior Fellow, IBM Policy Lab WASHINGTON , Feb. 28, 2024 /PRNewswire/ -- Deepfakes – realistic AI-generated audio, video, or...

4 days ago - PRNewsWire

New IBM Study Data Reveals 74% of Energy & Utility Companies Surveyed Embracing AI

~ 63% of Energy CEOs surveyed expect to realize value from generative AI and automation ~ ORLANDO, Fla. , Feb. 26, 2024 /PRNewswire/ -- Today, at Distributech 2024, IBM (NYSE: IBM) unveiled additional...

6 days ago - PRNewsWire

Hightower's Stephanie Link on her top AI stock picks: AVGO, IBM, SNOW

Stephanie Link, Hightower chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, the impact of AI, her top AI stock picks, and more.

Other symbols: AVGOSNOW
9 days ago - CNBC Television

Is IBM's Pension Plan Announcement Good News For Employees?

Earlier this week, I wrote of the news that IBM IBM was reopening its defined benefit (DB) plan. Their announcement was noteworthy for two reasons—

9 days ago - Forbes

Profit pillars: 5 Dividend aristocrats for reliable income

3M NYSE: MMM, International Business Machines NYSE: IBM, Realty Income Inc. NYSE: O, Target Corp. NYSE: TGT and the Southern Company NYSE: SO are among dividend aristocrats with a history of increasin...

Other symbols: DLTRGDHGMMMTGT
11 days ago - MarketBeat

IBM Reopens Defined Benefit Pension Plan—Will Other Corporates Follow?

After years of the decline of defined benefit (DB) plans for employee retirement, it was surprising to see IBM announce the reopening of its DB plan. Meanwhile, we continue to see headlines on the pau...

11 days ago - Forbes

IBM Report: Identity Comes Under Attack, Straining Enterprises' Recovery Time from Breaches

-71% spike in cyberattacks caused by exploiting identity - 50% AI market share milestone to trigger a cyber problem - Nearly 70% of attacks globally targeted critical infrastructure in 2023 - Europe f...

11 days ago - PRNewsWire

IBM teams up with Wipro on new AI services

IBM (NYSE: IBM) is in focus today after it announced to have teamed up with Wipro Limited (NYSE: WIT) on new artificial intelligence enabled services.

Other symbols: WIT
12 days ago - Invezz

DIS, IBM: Market Performance During Election Years

Right now, it looks like the market is doing very well, notes Andrew Arons. He discusses market performance during election years.

Other symbols: DIS
18 days ago - Schwab Network

ISC2 Collaborates with IBM to Launch Entry-Level Cybersecurity Certificate

New comprehensive training program on Coursera provides individuals with hands-on cybersecurity experience and in-demand skills to kickstart cybersecurity careers ALEXANDRIA, Va. , Feb. 13, 2024 /PRNe...

19 days ago - PRNewsWire

DIS & ADBE Upside, IBM Deserves More Attention

Disney (DIS) has great upside after they shot up on their earnings report, notes Scott Bauer. He also talks about how IBM (IBM) is a cloud name that deserves more attention and respect, and Adobe (ADB...

Other symbols: ADBEDIS
20 days ago - Schwab Network

New IBM LinuxONE 4 Express to Offer Cost Savings and Client Value through a Cyber Resilient Hybrid Cloud and AI Platform

Newest IBM LinuxONE system is engineered to deliver cybersecurity, resiliency, scalability and AI inferencing for hybrid cloud environments. Moving Linux workloads from a compared x86 system to an IBM...

26 days ago - PRNewsWire

Neutral To Bullish On IBM, META, AMZN

IBM (IBM), Meta Platforms (META), and Amazon (AMZN) are today's big three stocks. Jessica Inskip and Ben Lichtenstein discuss how to trade, as well as the technical trends of these stocks.

Other symbols: AMZNMETA
27 days ago - Schwab Network

Dow Stocks To Trade In February

For this month, the cycle/relative strength concept is applied. First, the Dow Jones 30 stocks are ranked from the best performer to the worst by calculating the expected return in that month.

Other symbols: CATCRMDOWJNJJPMMMMMSFT
4 weeks ago - Forbes

IBM, Verizon, Merck stocks lead Dow to new highs

You don't hear as much about the Dow Jones Industrial Average as investors did a few decades ago, as the broad consensus has deemed the S&P 500 a better indicator of market conditions.

Other symbols: MRKVZ
4 weeks ago - MarketBeat

IBM stock jumps to 10-year high on accelerated AI growth

Take a look at the IBM chart: The stock is up 14.42% in the past month and up 32.47% in the past three months. The stock broke out of a cup-with-handle base in November, clearing a buy point above $15...

4 weeks ago - MarketBeat

Salesloft Partners with IBM to Accelerate watsonx AI-Powered Workflow Adoption Across the Enterprise

ATLANTA--(BUSINESS WIRE)--Salesloft, provider of the first and only global AI-powered revenue workflow platform, today announced a collaboration with IBM to embed IBM watsonx, IBM's AI and data platfo...

4 weeks ago - Business Wire

IBM BOARD APPROVES REGULAR QUARTERLY CASH DIVIDEND

ARMONK, N.Y. , Jan. 30, 2024 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $1.66 per common share, payable March 9, 2024 to stockholders of...

4 weeks ago - PRNewsWire

GSMA and IBM Collaborate to Accelerate AI Adoption and Skills for the Telecoms Sector with Launch of Generative AI Training Program and Industry Challenge

AI training initiative is first in new GSMA Advance series aims to build skills, foster innovation and champion workforce diversity LONDON and NEW YORK , Jan. 30, 2024 /PRNewswire/ -- The GSMA and IBM...

4 weeks ago - PRNewsWire

IBM's in-office ultimatum: Move near office or leave company

CNBC's Becky Quick reports on the latest news from IBM.

4 weeks ago - CNBC Television

IBM tells U.S. managers to either start working from the office or leave their jobs – report

International Business Machines Corp (IBM) has reportedly issued a sweeping ultimatum aimed at putting the practice of remote working to a definitive end in a memo sent out to its U.S. managers that s...

4 weeks ago - Market Watch

Korea Quantum Computing and IBM Collaborate to Bring IBM watsonx and Quantum Computing to Korea

Agreement includes KQC offering IBM software and new AI infrastructure capabilities as well as IBM's next-generation quantum computing architecture BUSAN, South Korea , Jan. 29, 2024 /PRNewswire/ -- I...

4 weeks ago - PRNewsWire

Salesforce, AMD and other Big Tech stocks not named Nvidia that look smart as AI goes mainstream

In 2023, the AI winners and losers were largely defined by how they found ways to make money from the technology. Nvidia NVDA, +2.35% emerged as the clear leader, its products powering the growth of l...

Other symbols: AMDCRMCSCODELLNOW
4 weeks ago - Market Watch