IBM's stock (IBM, Financial) is currently testing the support range between $237 and $239. At the time of reporting, IBM's share price has decreased by 4.6% to $240.66, potentially wiping out $10.8 billion in market value. On Thursday, the stock experienced a 6% drop, marking its largest intraday decline since October 24, 2024, and briefly touched $237.22, the lowest level since January 29. Despite this downturn, IBM shares have risen by 15% this year and have seen a 30% increase over the past 12 months.
Among analysts tracked by Bloomberg, IBM holds 10 buy ratings, 8 hold ratings, and 4 sell ratings, with an average target price of $254.59.
