IBM Price Target Cut to $240.55, Analysts Predict 8% Upside

International Business Machines Corporation (IBM) has seen its average price target fall to $240.55, according to estimates from 20 analysts.

This revised forecast represents a decline from the previous estimate of $245.76 and implies an approximately 8% potential upside for investors based on the stock's closing price on October 2.

The consensus rating remains at 'Buy' across the 27 covering analysts, with 13 Buys, 12 Holds, and 2 Sells. Analysts' forecasts range from $174 to $297 per share, indicating a significant disparity in predictions.