'Not Your Father's IBM' - Analyst Says Company's Shift To A Software-Centric Company Is Overlooked
1. Oppenheimer initiates coverage on IBM with an Outperform rating. 2. Analyst forecasts $320 target driven by strong Red Hat growth. 3. Sustained double-digit revenue growth expected in IBM's software portfolio. 4. Consulting growth is anticipated to improve in the second half. 5. IBM's focus on AI applications positions it for future growth.