Jefferies Maintains Hold on IBM, Raises Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill maintains a Hold rating on IBM and raises the price target from $200 to $245.
October 21, 2024 | 12:10 pm
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Jefferies analyst Brent Thill has maintained a Hold rating on IBM, while increasing the price target from $200 to $245. This suggests a positive outlook on IBM's stock performance.
The increase in price target from $200 to $245 by Jefferies indicates a more optimistic view on IBM's future stock performance. Although the Hold rating remains, the higher price target suggests potential upside, which could positively influence investor sentiment and IBM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100