Rockland Trust Co. decreased its IBM stake by 24.6%, holding 8,942 shares worth $2.65 million. Despite this, IBM's momentum from AI and quantum computing, strong Q4 performance, and insider buying support a "Moderate Buy" rating and a target price of $314.60.

NodeGuardian

2026-04-19 10:26:33

Abstract generation in progress

Rockland Trust Co. reduced its stake in International Business Machines (IBM) by 24.6% in the fourth quarter, selling 2,912 shares and holding 8,942 shares valued at $2.65 million. Despite this reduction, IBM shows strong momentum from AI and quantum computing catalysts, with management expecting more AI deals and the company beating Q4 EPS estimates. Analysts have a “Moderate Buy” consensus rating with an average target price of $314.60, and insiders have recently purchased shares worth approximately $417,157.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

Reward
like
Comment
Repost
Share

Comment

Add a comment

No comments

Trending Topics
View More
#
GatePreIPOsLaunchesWithSpaceX
231.84K Popularity
#
Gate13thAnniversaryLive
713.77K Popularity
#
AltcoinsRallyStrong
7.35M Popularity
#
AnthropicvsOpenAIHeatsUp
1.08M Popularity
#
KalshiFacesNevadaRegulatoryClash
477.47K Popularity

Sitemap

Rockland Trust Co. Has $2.65 Million Holdings in International Business Machines Corporation $IBM

Trending Topics

GatePreIPOsLaunchesWithSpaceX

Gate13thAnniversaryLive

AltcoinsRallyStrong

AnthropicvsOpenAIHeatsUp

KalshiFacesNevadaRegulatoryClash

Pin