Wall Street analyst sets IBM stock price target for 12 months

IBM shares sold off, with the stock’s market value down more than $55B on Tuesday. A top Wall Street analyst issued the first sell rating in three months, adding incremental downside pressure. While the move signals deteriorating sentiment, the article doesn’t cite new fundamentals or guidance changes.

Analysis

IBM shares sold off, with the stock’s market value down more than $55B on Tuesday. A top Wall Street analyst issued the first sell rating in three months, adding incremental downside pressure. While the move signals deteriorating sentiment, the article doesn’t cite new fundamentals or guidance changes.