View in context. Our epoch, the epoch of the bourgeoisie, possesses, however, this distinctive feature: it has simplified the class antagonisms: Society as a whole is more and more splitting up into two great hostile camps, into two great classes, directly facing each other: Bourgeoisie and Proletariat. View in context.
Analysts at Stifel took a longer approach, reiterating a buy rating and $192 price target. The average rating on the stock is the equivalent to neutral, while the average price target is $170.05, according to a FactSet survey of roughly 30 analysts. Shares of IBM traded around $160.96 in premarket trade.
IBMâs net income fell 21 percent to $2.4 billion, compared with $3 billion a year earlier. Operating earnings per share fell 15 percent, to $2.54 a share, from $3 a share last year.On that basis, the companyâs profit performance matched the analystsâ forecast of $2.54 a share.evenue for the quarter was $22.5 billion, compared with $23.4 billion in the year-earlier quarter. Sales came in below Wall Street analystsâ average estimate of $22.9 billion, as compiled by Thomson Reuters.