Wall Street Bullish on IBM as AI Transformation Gains Momentum

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2025-06-20 19:34:02

IBM's stock continues to attract bullish sentiment from analysts, with Wedbush's Dan Ives raising his price target to $325 and maintaining an Outperform rating. The tech giant is now positioned as a Core AI play, earning a spot on Ives' IVES AI 30 list of top software stocks. Despite strong year-to-date performance, Ives argues IBM remains underowned in early stages of a multi-year AI-driven growth cycle.

Bank of America and Evercore ISI echoed this optimism, lifting targets to $320 and $300 respectively. BofA analyst Wamsi Mohan notes IBM has shed its 'value trap' reputation through strategic restructuring—divesting legacy operations while acquiring higher-growth software assets. The consensus view suggests IBM's revenue acceleration is just beginning.

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