IBM Stock Plunges 4.91% Amid Earnings Concerns
1min read On April 7, 2025, IBM's stock experienced a significant drop of 4.91% in pre-market trading, reflecting a notable decline in investor sentiment.
IBM's recent financial performance has been a mix of growth and challenges. The company reported a 1.44% increase in total revenue for the year ending December 31, 2024, reaching $627.53 billion. However, its net income attributable to the parent company decreased by 19.71% to $60.23 billion, indicating a decline in profitability.
Analysts have also weighed in on IBM's prospects. Jefferies recently downgraded its target price for IBM to $265, maintaining a Hold rating. This adjustment suggests a cautious outlook on the company's near-term performance, which could be influencing the recent stock price movements.
Looking ahead, IBM is scheduled to release its first-quarter earnings report for the fiscal year 2025 after the market closes on April 23. This report will provide further insights into the company's financial health and operational performance, potentially impacting investor sentiment and stock price in the coming days.
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