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Barchart
Barchart
Sohini Mondal

Do Wall Street Analysts Like International Business Machines Stock?

United States IBM Barchart

With a market cap of $193.2 billion, Armonk, New York-based International Business Machines Corporation (IBM) is a global leader in information technology. The company provides integrated solutions leveraging hybrid cloud, AI, and consulting to support clients' digital transformations globally. 

Shares of the technology and consulting company have outperformed the broader market over the past 52 weeks. IBM stock has surged nearly 39% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 32.3%. In 2024, IBM shares are up 27.8%, compared to SPX's 24.7% gain on a YTD basis.

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