Stifel analyst David Grossman lowered the firm’s price target on IBM (IBM) to $290 from $340 and keeps a Buy rating on the shares. The firm made tweaks to its 2026 estimates prior to the company’s Q1 report to reflect potential headwinds from the Gulf conflict to software and services growth as well as the Confluent acquisition closing ahead of schedule.
Claim 55% Off TipRanks
New trading tool for IBM bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IBM:
- QTUM ETF and the Quantum Computing Breakout: What the 2025–2026 Milestone Wave Means for Tech Investors
- Arm (ARM) Enters the Chip Market. Here’s Why I’m Bullish
- Private Markets: SpaceX files for IPO, Anthropic weighs going public soon
- GOOGL Stock Shrugs Off Iran Bombing Threats and Climbs 3%
- IBM Partners With Arm Holdings to Develop Hardware for AI Workloads