7/103 sources · 2 publishersUpdated Oct 16, 12:57 UTC
Morgan Stanley raises IBM price target to $238 and maintains Equal‑Weight rating
Morgan Stanley analyst Erik Woodring kept an Equal‑Weight rating on IBM and lifted the firm’s price target to $238, up from $190. The bank cited expected in‑line quarterly results and infrastructure growth offsetting slower consulting. Following the note, IBM shares rose 2.13% to $232.75 on October 15.
Why it matters
The higher target suggests the analyst sees upside potential, which may support further buying pressure. The note also signals that free‑cash‑flow expectations remain flat for the first half, with a full‑year improvement of $1 billion anticipated.
Key facts
- 1Morgan Stanley raised its price target for IBM to $238, an increase of 25.26% from the previous target of $190. gurufocus.com
- 2The analyst maintained an Equal‑Weight rating on IBM. gurufocus.com
- 3IBM shares rose 2.13% to $232.75 on October 15. gurufocus.com
- 4First‑half free cash flow was $4.8 billion, flat year‑over‑year. gurufocus.com
- 5Full‑year free cash flow improvement of $1 billion is expected. gurufocus.com
- 6The stock was 4.35% below GuruFocus’s GF Value estimate of $243.33. gurufocus.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.