IBM Stock: $164 Target From Morgan Stanley

By Amit Chowdhry ● Jul 31, 2021
  • The shares of IBM (NYSE: IBM) have recently received a price target increase from $152 to $164 from Morgan Stanley. These are the details.

The shares of IBM (NYSE: IBM) have recently received a price target increase from $152 to $164 from Morgan Stanley.  And Morgan Stanley analyst Katy Huberty is maintaining an “Equal Weight” rating on the company shares following the company’s second-quarter results.

Huberty said that IBM’s second-quarter results show the company improving execution and a strengthening demand environment. Plus stronger Global Business Services, cloud, and cognitive software growth is building confidence in IBM’s ability to reach sustainable mid-single-digit revenue growth.

However, IBM’s investments to drive growth will limit the short-term earnings upside.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.