IBM's stock surges to record highs, with Bank of America predicting further gains

From Yahoo Finance: 2025-06-18 12:43:00

IBM’s stock has surged by nearly a third this year, hitting record highs for the third day in a row. Bank of America raised its price target, citing IBM’s AI-driven growth potential. The stock is trading at $285.83, inching closer to Tuesday’s record close of $283.05.

Analysts see IBM as a defensive investment with strong revenue growth potential. BofA raised its price target to $320 from $290, well above the analyst mean of $261. IBM recently launched new software for responsible AI systems and is aiming to build a fault-tolerant quantum computer by 2030.

Read more: IBM Keeps Hitting Record Highs. Bank of America Says There’s Still Room for Gains