IBM's Shares Drop Sharply After Q1 Report: Analysts Say It's Overdone, Revenue Growth To Accelerate
1. IBM reported 2% revenue growth, estimating 4% for Q2. 2. Analysts maintain a Buy rating with a price target of $270. 3. Shares declined 7.51%, despite good earnings and free cash flow. 4. M&A and Mainframe growth expected to boost overall performance. 5. Margins may be affected by macro uncertainty, but infrastructure remains strong.