From Yahoo Finance: 2025-04-30 14:27:00

Tech stock IBM (NYSE:IBM) is up 0.7% at $241.10 today, up 9.7% since the year started. The stock hit a record high in March but struggles to break past $243. Short-term rally possible as it shows historically bullish signals.

IBM’s shares are near their 126-day moving average, with a positive trendline seen in the past 10 trading days. Historically, the stock has risen 100% of the time one month after such events, with an average gain of 10.9%.

Analyst notes could boost IBM’s recent bounce. Of the 20 analysts covering IBM, 12 have a “hold” rating or worse. The 12-month consensus price target is $249.97, just a 3.8% premium to current levels.

Read more: IBM Bull Signal Has Never Been Wrong