IBM (IBM) Stock: $156 Target And Outperform Rating

By Amit Chowdhry ● Jul 31, 2022
  • The shares of IBM (IBM) recently received a $156 price target from Credit Suisse. These are the details.

The shares of IBM (IBM) recently received a $156 price target from Credit Suisse. And Credit Suisse analyst Sami Badri is maintaining an “Outperform” rating on the shares.

Badri adjusted the rating following the company’s quarterly results. And Badri continues to view IBM as facilitating the adoption of hybrid cloud architectures, utilizing an existing mission-critical base and acquired assets. 

Plus as a hybrid-first world progresses and materializes further for enterprise accounts, Badri continues to see IBM as one of the key strategic enablers of such an IT architecture transformation.