This Isn’t ‘Your Father’s IBM,’ Analyst Says. Why Now Could be the Time to Buy. - Barron's
1. Oppenheimer's analyst rates IBM Outperform with a $320 price target. 2. The target suggests a 28% increase from IBM's current stock price. 3. IBM is now the third-largest infrastructure software vendor after Microsoft and Amazon. 4. Analyst predicts double-digit growth driven by Red Hat's software offerings. 5. AI software adoption is increasing, benefiting IBM's growth strategy.