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Why Needham Analysts Slashed Their Price Targets on IBM Stock Ahead of Earnings
Yahoo Finance· 2026-04-12 21:15
Grossman now sees 2026 constant currency revenue growth landing between 4.5% and 5%, just under the 5% consensus and company guidance. He expects pre-tax income (PTI) margins to expand by 100 basis points year- over-year (YOY), EPS to reach $12.38, up 7%, and free cash flow to climb by $1 billion, also up 7%. The numbers line up broadly with the Street's current standing. Also, he projects Q1 to come in as expected, given the quarter's usual softness, its early placement in the year, and a macro backdrop th ...