IBM Story Is Underappreciated, Goldman Sachs Says Stock Can Re-Rate Higher
1. Goldman Sachs analyst maintains a Buy rating for IBM with $275 price target. 2. IBM projects over 5% revenue growth from 2025 to 2027, exceeding expectations. 3. Software revenue growth target raised to 10%, with strong demand in key areas. 4. IBM's GenAI leadership and consulting business show potential for market share gains. 5. Recent earnings beat consensus estimates, indicating strong performance and growth potential.