IBM to Post 'Solid' Q1 Results on Red Hat Growth, AI, RBC Says

, MT Newswires -  1:31 PM ET 4/14/2025 Company News

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01:31 PM EDT, 04/14/2025 (MT Newswires) -- IBM ( IBM ) is poised for "solid" Q1 results on Red Hat growth, AI bookings and free cash flow contributions, RBC Capital Markets said Sunday in a report.

"Macro commentary will be in focus given IBM's ( IBM ) broad view of the tech environment, particularly around digital transformation impacting both software revenue and discretionary consulting spend," the report said.

RBC cut its 2025 revenue estimate to $65.6 billion from $64.9 billion "on heightened macro uncertainty" with the adjusted per-share earnings forecast easing to $10.72 from $10.73.

RBC maintained an outperform rating on IBM ( IBM ) stock with a $276 price target.

"IBM ( IBM ) remains a key player in this new wave of digital transformation and has adopted its strategy to align better with rapidly evolving customer needs and technological innovation," RBC said.

Q1 results are expected on April 23.

Price: 237.45, Change: +1.97, Percent Change: +0.83

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