NewsSignals AI analysis·Benzinga·
These Analysts Boost Their Forecasts On IBM Following Upbeat Q3 Results
Grade Abullish AI signal$IBMSTOCK
IBM exceeded third-quarter revenue and earnings estimates, raised its free-cash-flow outlook, and received higher analyst price targets after the results. Despite the strong quarterly report and updated cash-flow forecast, IBM shares fell 0.8%.
Bullish strength: 78/100
- Q3 revenue of $17.1 billion beat market expectations
- Adjusted EPS of $2.95 exceeded expectations
Bearish strength: 22/100
- Shares fell 0.8% after earnings, with a weak short-term reaction
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