From Seekingalpha · Mott Capital Management · · 50s
IBM Stock May Surge Higher
IBM stock could jump to $290 if Q3 earnings beat expectations.
In brief
IBM stock could jump to $290 if Q3 earnings beat expectations. IBM stock may surge to $290 if Q3 earnings exceed $2.86 per share. Originally reported by Seekingalpha.
IBM earnings report
IBM is expected to report Q3 earnings of $2.86 per share on October 21.
Earnings expectations
Revenue is expected to rise 3% to $16.8 billion.
Technical setup
Options positioning shows resistance at $240 and support at $225.
Bullish momentum
A surprise could drive IBM beyond its typical post-earnings range.
Price targets
Technical indicators suggest a breakout targeting $250, up to $290 if momentum persists.
Critical factor
IBM's ability to deliver an upside surprise this quarter is critical for sustained higher moves.
At a glance
IBM stock may surge to $290 if Q3 earnings exceed $2.86 per share.
