1. IBM's Q4 revenue was $17.56 billion, beating earnings expectations. 2. Goldman Sachs raised IBM's price target from $250 to $275. 3. IBM's AI bookings surpassed $5 billion, improving Consulting share gains. 4. RBC Capital lifted IBM's price target to $276, highlights free cash flows. 5. Stifel reiterated Neutral rating, raising target to $271, citing strong margins.
The strong earnings and raised price targets indicate positive investor sentiment. This follows the trend observed in previous quarters where IBM's growth was reassessed positively by analysts.
The article discusses significant performance metrics and analyst ratings affecting IBM's outlook. The raised price targets and positive earnings provide critical insights into IBM's market position.
Improvements in software revenues and AI bookings suggest sustained growth potential. Analysts expect performance to accelerate into 2025, reflecting long-term positive impacts.