Citi Analyst Raises Price Target for IBM Amid Quantum Computing Investment
On June 3, Citi analyst Fatima Boolani raised her price target for International Business Machines Corporation (IBM) to $375 from $285 and reiterated a Buy rating. This follows IBM's announcement of an additional $10 billion investment over five years in quantum computing, signaling confidence in the emerging market estimated at around $850 billion.
Tickers: $IBM
Topics: dividend stocks IBM investment strategy quantum computing