In the recent news, it is observed that International Business Machines Corporation (IBM) has caught the attention of both investors and analysts. The stock has experienced fluctuations, experiencing a 0.5% drop in trading and then gaining up to 3.5% following better-than-expected earnings. The company's Q2 2024 earnings call received close attention, with full access granted online through an SEC filing. Analyst sentiment averaged at a 'Hold', with several brokerage houses raising their price targets. The NYSE:IBM stock is being suggested as a great addition for dividend investors.
The corporation also revealed that it narrowly beat the EPS by 9.0%, causing curiosity about the next steps. Positive software revenue growth and an upward trend in AI bookings are enhancing the buy thesis, providing momentum for the long-term. Meanwhile, the focus on IBM's Q2 results is on the strong consulting revenues and potential effect on the company's overall earnings. The company yields a respectable 42% return over the last year and has been deemed a top pick for hedge fund quantum computing.
International Business Machines Corporation IBM News Analytics from Sun, 03 Dec 2023 00:12:51 GMT to Sun, 28 Jul 2024 11:30:32 GMT - Rating 8 - Innovation 7 - Information 6 - Rumor 5
