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Analysts’ Opinions Are Mixed on These Technology Stocks: International Business Machines (IBM) and AST SpaceMobile (ASTS)

Tipranks - Sat Apr 18, 6:32AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on International Business Machines (IBM) and AST SpaceMobile (ASTS).

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International Business Machines (IBM)

In a report released yesterday, Matthew Swanson from RBC Capital maintained a Buy rating on International Business Machines, with a price target of $330.00. The company’s shares closed last Thursday at $251.00, close to its 52-week high of $266.45.

According to TipRanks.com, Swanson has 0 stars on 0-5 stars ranking scale with an average return of -7.1% and a 38.5% success rate. Swanson covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, DoubleVerify Holdings, and Thryv Holdings. ;'>

International Business Machines has an analyst consensus of Moderate Buy, with a price target consensus of $310.88, representing a 25.0% upside. In a report issued on April 10, Citi also initiated coverage with a Buy rating on the stock with a $285.00 price target.

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AST SpaceMobile (ASTS)

In a report released today, Andres Coello from Scotiabank maintained a Sell rating on AST SpaceMobile, with a price target of $41.20. The company’s shares closed last Thursday at $90.94.

According to TipRanks.com, Coello is a top 100 analyst with an average return of 55.1% and a 83.8% success rate. Coello covers the NA sector, focusing on stocks such as Millicom International Cellular SA, Liberty LiLAC Group, and Telecom Argentina. ;'>

AST SpaceMobile has an analyst consensus of Hold, with a price target consensus of $91.03, representing a 4.2% upside. In a report issued on April 8, Barclays also maintained a Sell rating on the stock with a $65.00 price target.

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