International Business Machines ( (IBM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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IBM’s stock took a hit after-hours, even though the company surpassed Q3 earnings and revenue expectations. The decline was primarily due to the company’s lower-than-expected guidance for FY 2025. Despite strong growth in its Software segment, fueled by Red Hat and AI initiatives, analysts remain cautious. They have mixed ratings, expressing concerns about IBM’s ability to meet future expectations, which has contributed to the stock’s downward movement.
More about International Business Machines
YTD Price Performance: 30.90%
Average Trading Volume: 5,280,747
Technical Sentiment Signal: Buy
Current Market Cap: $264.2B
For further insights into IBM stock on TipRanks’ Stock Analysis page.
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