TECH - IBM Q3 Preview: Analyst Sees Margin Challenges Despite Steady Software Demand | Benzinga
BMO Capital Markets analyst Keith Bachman reiterated the Market Perform rating on International Business Machines Corporation (NYSE: IBM) with a price target of $152.
IBM will discuss its third-quarter 2023 financial results on Wednesday, October 25, 2023.
On the positive, Bachman notes that Software demand has been steady and that IBM can meet the estimate/consensus forecasts in 2HFY23 and even deliver some upside helped by M&A.
According to the analyst, software trends have remained relatively stable, and thus, Hybrid Platform can continue ...