Shares of International Business Machines Corp (IBM) surpassed the average analyst 12-month target price of $141.75, trading at $141.86 as of recent sessions. There are currently eight analysts contributing to the price target, with the lowest at $111.00 and the highest at $160.00, yielding a standard deviation of $14.704.
As of now, analyst ratings for IBM include four “strong buy” ratings, four “hold” ratings, and one “strong sell” rating, maintaining an average rating of 2.33 on a scale where 1 is “strong buy” and 5 is “strong sell.” Investors are encouraged to evaluate whether the stock’s recent performance indicates further upside or if it has become overvalued.
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