IBM traded at $240.59 this Tuesday March 24th, decreasing $7.85 or 3.16 percent since the previous trading session. Looking back, over the last four weeks, IBM lost 1.28 percent. Over the last 12 months, its price fell by 3.73 percent. Looking ahead, we forecast IBM to be priced at 234.52 by the end of this quarter and at 214.04 in one year, according to Trading Economics global macro models projections and analysts expectations.
International Business Machines Corporation (IBM) is a technology company. The Company segments include Cloud & Cognitive Software, Global Business Services (GBS), Systems and Global Financing. The Cloud & Cognitive Software Solutions segment delivers integrated and secure cloud, data and artificial intelligence (AI) solutions to its clients. It comprises three business areas: cognitive applications, cloud & data platforms, and transaction processing platforms. The GBS segment provides consulting, business process and application management services. The Global Financing segment is engaged in financing, which is primarily conducted through IBM Credit LLC, and remanufacturing and remarketing. The Systems segment provides clients with infrastructure platforms to help meet the requirements of hybrid multi-cloud and enterprise AI workloads. The Systems segment also designs advanced semiconductor and systems technology in collaboration with IBM Research.