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IBM Stock Slides on Disappointing Software Sales
国际商业机器国际商业机器(US:IBM) Schaeffers Investment Research·2025-07-24 23:01

IBM (NYSE:IBM) was last seen down 9.9% at 254.13,eyeingitsworstdailydropsinceOctober2021,draggingtheDowJonesIndustrialAverage(DJI) inresponse.Thetechfirmisbrushingoffbetterthanexpectedsecondquarterearningsandrevenueresults,afterthecompanymissedsoftwaresalesestimates.Threeanalystsliftedtheirpricetargetsaftertheevent,whileBofAGlobalResearchslasheditspricetargetby254.13, eyeing its worst daily drop since October 2021, dragging the Dow Jones Industrial Average (DJI) in response. The tech firm is brushing off better-than-expected second-quarter earnings and revenue results, after the company missed software sales estimates. Three analysts lifted their price targets after the event, while BofA Global Research slashed its price target by 10 to $310. Today's bear gap has IBM dropping to its lowest levels since mid-May, moving s ...