Top Wall Street Forecasters Revamp IBM Expectations Ahead Of Q1 Earnings

Group 1 - IBM is set to release its first-quarter earnings results on April 22, with expected earnings of $1.43 per share, a decrease from $1.68 per share in the same period last year [1] - The projected quarterly revenue for IBM is $14.39 billion, slightly down from $14.46 billion a year earlier [1] - IBM recently launched its new mainframe, the IBM z17, which incorporates advanced artificial intelligence features to improve large-scale business operations [2] Group 2 - Analyst ratings for IBM show a mix of opinions, with Jefferies maintaining a Hold rating and lowering the price target from $270 to $265 [8] - JP Morgan has a Neutral rating and raised the price target from $233 to $244 [8] - B of A Securities maintains a Buy rating and increased the price target from $260 to $270 [8] - BMO Capital has a Market Perform rating and raised the price target from $260 to $280 [8] - UBS holds a Sell rating and increased the price target from $150 to $160 [8]