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On September 16, 2025, Bernstein initiated coverage of International Business Machines (NYSE:IBM) with a Market Perform recommendation. The average one-year price target for IBM is $280.34 per share, suggesting an 8.85% upside from its latest closing price of $257.55.
Projected annual revenue for IBM is $64.88 billion, reflecting a 1.31% increase. There are currently 4,562 funds reporting positions in IBM, up 3.73% from the previous quarter, with total shares owned by institutions increasing to 674.69 million. The put/call ratio stands at 0.67, indicating a bullish market outlook.
Significant institutional holdings include Vanguard Total Stock Market Index Fund with 29.89 million shares (3.21% ownership) and J.P. Morgan Chase with 22.37 million shares (2.40% ownership), both increasing their portfolio allocations by over 7% in the last quarter.
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