Wedbush Raises IBM Price Target Amid Improved Execution Confidence
Wedbush Securities has increased its price target for IBM from $320 to $350 while maintaining an outperform rating, citing improved execution confidence and strong momentum in AI, hybrid cloud, automation, and cybersecurity. The firm notes that earlier fears of disruption by Anthropic's Claude Code have subsided.
Tickers: $IBM
Topics: AI cloud computing IBM acquisition price target upgrade