International Business Machines Corporation’s Stock Price Drops to $243.32, marking a 3.56% Decline

International Business Machines Corporation (IBM)

243.32 USD -8.97 (-3.56%) Volume: 7.02M

International Business Machines Corporation’s stock price stands at 243.32 USD, experiencing a dip of -3.56% this trading session with a trading volume of 7.02M, yet maintaining a positive year-to-date performance with a +10.69% increase, reflecting the dynamic nature of IBM’s market performance.

Latest developments on International Business Machines Corporation

International Business Machines (NYSE:IBM) stock price experienced a 3.5% decline today following news of federal contract cancellations flagged by Accenture. Despite this, IBM continues to make strategic moves, teaming up with NVIDIA to enhance generative AI and cloud solutions. The company saw various fluctuations in stock trading, with shares being sold by some investors like OLD Point Trust & Financial Services N A, while others, such as Teacher Retirement System of Texas, purchased shares. Additionally, IBM was upgraded to a strong-buy rating by Erste Group Bank. The company’s collaboration with NVIDIA for AI scalability and quantum computing plans have garnered investor interest, leading to a 1.7% increase in stock price. Overall, IBM remains a key player in the tech industry, attracting both buyers and sellers in the stock market.

International Business Machines Corporation on Smartkarma

Analysts on Smartkarma have provided varied coverage of International Business Machines Corporation (IBM). Tech Supply Chain Tracker‘s report on 08-Feb-2025 highlighted the speculation surrounding Intel’s CEO vacancy and Alibaba’s Qwen model outperforming DeepSeek V3. In contrast, Baptista Research’s bullish report emphasized IBM’s revenue growth, free cash flow, and software segment performance during the fourth quarter of 2024. Additionally, Tech Supply Chain Tracker‘s bullish report on 17-Dec-2024 discussed TCL’s tri-fold smartphone launch readiness and FuriosaAI’s entry into the AI chip race.

Furthermore, Baptista Research’s report on IBM’s third quarter financial performance for 2024 focused on the company’s strengths in software and challenges in consulting due to macroeconomic factors. The analysts highlighted IBM’s strategic focus on hybrid cloud and artificial intelligence as key drivers for growth. Overall, the reports provide insights into the shifting competitive landscape and technological advancements impacting IBM’s position in the market.

A look at International Business Machines Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

International Business Machines Corporation (IBM) shows a promising long-term outlook based on its Smartkarma Smart Scores. With a top score in Dividend and Momentum, IBM is demonstrating strong performance in these areas. Additionally, the company scores well in Value and Growth, indicating a solid foundation for future success. However, its Resilience score is lower, suggesting potential vulnerabilities that may need to be addressed for sustained growth.

Overall, IBM is a leading provider of computer solutions utilizing advanced information technology. With a global presence and a wide range of products and services, the company has established itself as a key player in the industry. By leveraging its strengths in Dividend and Momentum, IBM is well-positioned to capitalize on opportunities for growth and innovation in the ever-evolving technology market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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