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flag IBM's stock dropped 2.2% despite beating earnings expectations, maintaining a "Hold" analyst rating.

flag IBM's stock fell by 2.2% to $230.06 on Thursday, despite reporting earnings that beat analyst expectations by $0.15 to $3.92 per share. flag The company, which operates in Software, Consulting, Infrastructure, and Financing, has a market cap of $218.37 billion and a P/E ratio of 36.74. flag Analysts have a "Hold" rating on the stock with a target price of $231.13. flag IBM's stock has traded between a 50-day average of $249.14 and a 200-day average of $232.95. flag The company pays an annual dividend of $6.68, yielding 2.84%.

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