James Schneider, an analyst from Goldman Sachs, maintained the Buy rating on International Business Machines. The associated price target was lowered to $335.00.
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High conviction IBM bulls now have this Tradr ETFJames Schneider has given his Buy rating due to a combination of factors tied to IBM’s positioning in enterprise AI and its financial outlook. He highlights that large companies are increasingly focused on deploying secure and observable AI at scale, which favors IBM’s neutral, multi-vendor platforms rather than reliance on a single AI provider. He also points to IBM’s ongoing efficiency programs, which are driving margin improvement and stronger free cash flow.
Schneider further underscores IBM’s innovation pipeline, noting new offerings such as its AI-powered software development agent, secure sovereign AI infrastructure, and hybrid IT operations platform, along with progress in quantum computing. He believes these initiatives, combined with growing internal AI-driven productivity gains, support IBM’s competitiveness and earnings trajectory, justifying a Buy rating and a $335 twelve‑month price target based on a 25x forward earnings multiple.
In another report released yesterday, Citi also assigned a Buy rating to the stock with a $285.00 price target.