IBM Stock (IBM): $140 Price Target From Goldman Sachs

By Amit Chowdhry ● Jan 9, 2022
  • The shares of IBM (NYSE: IBM) have received a $140 price target from Goldman Sachs. These are the details.

The shares of IBM (NYSE: IBM) have received a $140 price target from Goldman Sachs. And Goldman Sachs analyst Brian Essex initiated coverage of IBM with a “Neutral” rating.

Essex believes that IBM is well-positioned for better growth, profitability, and sustainable shareholder return with elevated enterprise transformation demand anticipated ahead. But while the company is moving in the right direction to drive better shareholder value, the transition could take time.

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