It seems IBM's stock trades with a discount. Most of the analysts mean the stock is cheap at this level. Currently the company is being followed by 10 analysts. The recommendations for the stock contain no sells, 4 times hold and no buys. The average of the current target prices for the stock equals 159,67 USD. This is at around 31 percent more than the current price of 139,17 USD. RBC Capital Markets, Stifel and Nomura Securities recently provided recommendations for the stock.
IBM's market capitalization is based on the number of outstanding shares around 128,34 billion USD. The IBM stock was the past 12 months quite unstable. Since last February the stock is 6 percent lower. This year the stock price moved between 106 and 162 dollar. Since 2008 the stock price is almost 51 percent higher.
On Wednesday the stock closed at 139,17 USD.
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