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Credit Suisse Reaffirms Their Buy Rating on International Business Machines (IBM)

In a report released today, Matthew Cabral from Credit Suisse maintained a Buy rating on International Business Machines (IBMResearch Report), with a price target of $172.00. The company’s shares closed last Wednesday at $141.90.

According to TipRanks.com, Cabral is a 3-star analyst with an average return of 7.5% and a 64.6% success rate. Cabral covers the Technology sector, focusing on stocks such as Rackspace Technology, Corsair Gaming, and Pure Storage.

International Business Machines has an analyst consensus of Strong Buy, with a price target consensus of $165.80, which is a 17.0% upside from current levels. In a report issued on October 8, Argus Research also maintained a Buy rating on the stock with a $165.00 price target.

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International Business Machines’ market cap is currently $103.8B and has a P/E ratio of 23.90. The company has a Price to Book ratio of -1.95.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1911, New York-based International Business Machines Corp. is an information technology and consulting company, which provides integrated solutions and services worldwide. It operates through the following segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

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