HomeInvestingEarningsIBM Earnings 2Q Seasonally Strong
IBM Earnings 2Q Seasonally Strong

The IBM stock price today feel after their earnings report was released. Wedbush has a neutral rating with a $140 price target on IBM Inc. (IBM). "Most of the upside is generated from IBM's infrastructure and hardware segment. Results point to earnings quality issues as as well a possibility of weakening IT spending," says Moshe Katri. "IBM's second quarter is seasonally strong as they launched a new mainframe cycle. I see switching costs as undergoing a negative moat trend," Julie Bhusal Sharma adds.

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19 Jul 2022

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