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Analysts Conflicted on These Technology Names: International Business Machines (IBM) and Paycom (PAYC)

Tipranks - Thu Feb 12, 10:26PM CST

Analysts have been eager to weigh in on the Technology sector with new ratings on International Business Machines (IBMResearch Report) and Paycom (PAYCResearch Report).

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International Business Machines (IBM)

In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on International Business Machines, with a price target of $370.00. The company’s shares closed last Wednesday at $272.81.

According to TipRanks.com, Thill is a 4-star analyst with an average return of 4.2% and a 50.5% success rate. Thill covers the Technology sector, focusing on stocks such as Palantir Technologies, Procore Technologies, and Roper Technologies. ;'>

Currently, the analyst consensus on International Business Machines is a Moderate Buy with an average price target of $336.65, implying a 15.2% upside from current levels. In a report issued on January 29, TipRanks – OpenAI also downgraded the stock to Buy with a $325.00 price target.

See today’s best-performing stocks on TipRanks >>

Paycom (PAYC)

Jefferies analyst Samad Samana maintained a Hold rating on Paycom yesterday and set a price target of $130.00. The company’s shares closed last Wednesday at $118.71.

According to TipRanks.com, Samana is a 1-star analyst with an average return of -0.7% and a 42.5% success rate. Samana covers the Technology sector, focusing on stocks such as Zoom Video Communications, Automatic Data Processing, and Klaviyo, Inc. Class A. ;'>

Currently, the analyst consensus on Paycom is a Moderate Buy with an average price target of $174.20, a 39.4% upside from current levels. In a report issued on January 30, TipRanks – Anthropic also downgraded the stock to Hold with a $152.00 price target.

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