IBM Poised to Deliver 'Solid' Q3 Results, Consistent Free Cash Flow, RBC Says

MT newswire2026/10/13 15:29

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11:29 AM EDT, 10/13/2026 (MT Newswires) -- IBM (IBM) is poised to deliver "solid" results from operating expenditure software and consulting, as well as consistent free cash flow, in its upcoming earnings for Q3, RBC Capital Markets said in a Monday note. IBM is slated to report its Q3 financial results on Oct. 21. Upside is expected to be limited by the company's Infrastructure segment, as capital reprioritization likely remains a headwind with memory and storage supply chain challenges persisting, RBC analysts said. Despite the company's comments that the Infrastructure segment's challenges have a near-term nature, investors continue to be concerned about potential structural challenges, given the delayed mainframe deals, according to the note. RBC maintained its rating on the company's stock at outperform with a price target of $270. Price: 232.23, Change: +5.20, Percent Change: +2.29

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On Wednesday, approximately four-fifths of the constituents in the Russell 2000 Index recorded declines. Since its peak in August, the index has dropped by 11%, falling below its 200-day moving average and entering a technical correction for the first time since March this year. Analysis indicates that with the US CPI rising more than expected and the probability of rate hikes increasing, small-cap, consumer, and transportation stocks are facing "sustained and long-term resistance."

华尔街见闻•2026/10/14 23:26

Inflation and interest rates hit simultaneously, Russell 2000 plunges 11% from August high, marking its first technical correction since March

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智通财经•2026/10/14 23:16

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智通财经•2026/10/14 23:06