Shares of International Business Machines Corp. IBM have lost more than 5.2 percent in October. The Vetr crowd seems to believe this has unlocked some room for upside, as evidenced by its average price target of $158.20, which implies a potential return of roughly 4.65 percent from current valuations.
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Seeking to better reflect the aforementioned upside potential, the Vetr community upgraded its rating on shares of International Business Machines on Monday, from 3.0 Stars (Hold) to 3.5 Stars (Buy) – out of a possible 5 Stars rating.
It should be noted that, in accordance with the current score and price target, 57 percent of the crowd’s ratings are bullish right now.
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