IBM (IBM, Financials) is winning fresh support from Wall Street, with Wedbush, Bank of America, and Evercore ISI all raising their price targets on the back of the company's AI momentum and software transformation.
Wedbush's Dan Ives lifted his target to $325 from $300, calling IBM an “AI winner” and placing it on his IVES AI 30 list. He sees the stock as underowned and at the early stages of a multi-year growth cycle.
Bank of America's Wamsi Mohan raised his target to $320, noting IBM's shift from a legacy “value trap” to a high-margin software player. Evercore's Amit Daryanani bumped his target to $315, forecasting $16–$18 in annual EPS within three years.
Despite recent gains, IBM's average price target remains $267.54, implying modest downside; consensus includes 7 Buys, 5 Holds, and 2 Sells.
