Bank of America (NYSE:BAC) Securities analyst Wamsi Mohan reiterated a Buy rating on International Business Machines (NYSE:IBM) on Wednesday, setting a price target of $172, which is approximately 21.21% above the present share price of $141.9.
Mohan expects International Business Machines to post earnings per share (EPS) of $1.48 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in International Business Machines, with an average price target of $166.6.
The analysts price targets range from a high of $176 to a low of $150.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $18.75 billion and a net profit of $2.15 billion. The company's market cap is $103.81 billion.
According to TipRanks.com, Bank of America Securities analyst Wamsi Mohan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.3% and a 58.45% success rate.
Founded in 1911, New York-based International Business Machines Corp. is an information technology and consulting company, which provides integrated solutions and services worldwide. It operates through the following segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.