America

Strong

Optimism

Karen

Gains

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<p class="has-drop-cap">In a volatile trading session, three major tech and manufacturing stocks are drawing investor attention due to significant price movements and noteworthy developments. <br><br>International Business Machines (NYSE: IBM), NVIDIA Corporation (NASDAQ: NVDA), and Packaging Corporation of America (NYSE: PKG) are all experiencing notable shifts in their stock prices and analyst outlooks. This article examines these closely watched companies’ latest updates and market reactions.</p>
<h3 id="ibm-gains-on-ai-optimism">IBM Gains on AI Optimism</h3>
<p>Shares of IBM are up 2.24% to $176.33 as of 10:51 AM EDT, following Goldman Sachs’ initiation of coverage with a <a href="https://finance.yahoo.com/video/goldman-sachs-initiates-ibm-coverage-140216904.html" target="_blank" aria-label="Buy rating and a $200 price target (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">Buy rating and a $200 price target</a>. The investment bank highlighted IBM’s strategic shift towards long-term growth, emphasizing the company’s focus on infrastructure software assets, particularly in open-source and artificial intelligence.</p>
<p>Goldman Sachs noted strong synergy between IBM’s evolving software portfolio and consulting business, expecting the stock to re-rate higher due to improving software business mix. IBM’s revenue is projected to grow from $60.53 billion in 2024 to $65.52 billion in 2025, with <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">earnings per share</a> expected to increase from $9.13 to $10.34 over the same period.</p>
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<h3 id="nvidia-slides-amid-insider-selling">NVIDIA Slides Amid Insider Selling</h3>
<p>NVIDIA stock is down 5.83% to $119.19, despite recently becoming the world’s most valuable company before slipping back to second place. The decline comes amid <a href="https://tokenist.com/nvidia-nvda-insiders-are-selling-a-sign-the-stock-has-hit-its-top/" rel="noopener noreferrer nofollow" class="deco-link">significant insider selling activity</a>, with CEO Jensen Huang selling 240,000 shares for approximately $31.6 million on June 20, and other executives and directors also offloading substantial holdings.</p>
<p>Despite the selling pressure, NVIDIA’s year-to-date stock return remains impressive at 155.62%, significantly outpacing the S&amp;P 500’s 14.57% gain. Analyst consensus on NVIDIA remains a Strong Buy, with price targets ranging from $47.84 to $200.00 per share.</p>
<h3 id="packaging-corp-of-america-rises-on-positive-outlook">Packaging Corp. of America Rises on Positive Outlook</h3>
<p>Packaging Corporation of America stock is up 3.33% to $189.43, buoyed by Bank of America’s increased price target from $197.00 to $200.00. The new target implies a potential upside of 8.08% from the previous close, with BofA maintaining a “buy” rating on the stock.</p>
<p>PKG reported strong Q1 earnings of $1.72 per share, beating estimates by $0.09, with revenue slightly above expectations at $1.98 billion. The positive sentiment in the packaging industry is further reinforced by <a href="https://www.secform4.com/insider-trading/75677.htm" target="_blank" aria-label="recent insider buying (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">recent insider buying</a>, with Director Karen E. Gowland purchasing 300 shares at $182.06 per share.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-ibm-nvda-and-pkg/">Stocks to Watch Today: IBM, NVDA, and PKG</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: IBM, NVDA, and PKG

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