From Yahoo Finance: 2025-06-21 13:17:00

Analysts have revised IBM’s stock price target after reaching a new high driven by AI. IBM closed at a record $283.21 on June 18, up 27% year-to-date. The company has transformed into a software and consulting business, focusing on AI, hybrid cloud, and enterprise automation.

IBM stock fell 6.6% after its first-quarter earnings report but recovered swiftly. Revenue for the quarter was $14.5 billion, up 1% from the prior year. Adjusted earnings per share were $1.60, a 5% decrease year over year. CEO Arvind Krishna emphasized IBM’s resilience amid uncertainty.

Bank of America analyst raised IBM’s price target to $320 from $290, citing growth initiatives in Gen AI, Agentic AI, and strong cash flow. Another analyst sees IBM as a defensive investment with improving revenue growth and potential for more M&A activity. Wedbush is also bullish on IBM shares with a $325 price target.

Wedbush analyst believes IBM is underowned and in the early stages of growth with AI as a key driver. The average price target for IBM shares from 14 analysts is $267.54. Analysts are optimistic about IBM’s future growth potential in the AI space, with a focus on innovative technologies and strategic acquisitions.

Read more: Analysts revamp IBM stock price target after AI-fueled new high