Analysts Grow Bullish on IBM’s Transformation Strategy

IBM's stock is gaining traction among top analysts as the tech giant demonstrates tangible progress in its strategic pivot. Bank of America raised its price target to $320, citing IBM's successful shift from legacy businesses to higher-growth software opportunities through targeted acquisitions. The MOVE addresses longstanding criticism of IBM as a 'value trap,' with the company now positioned for accelerated revenue growth.

Evercore ISI echoed the optimism, increasing its target to $315 while forecasting mid-to-high single-digit revenue growth and double-digit EPS expansion. The consensus view suggests IBM's five-year transformation is finally yielding the metrics needed to justify a sustained re-rating. Such institutional confidence often precedes broader market recognition of fundamental improvements.