IBM (IBM) Stock: $157 Price Target And Overweight Rating

By Amit Chowdhry ● Apr 24, 2022
  • The shares of IBM (NYSE: IBM) have received a $157 price target from Morgan Stanley. These are the details.

The shares of IBM (NYSE: IBM) have received a $157 price target from Morgan Stanley. And Morgan Stanley analyst Erik Woodring increased the price target on IBM from $150 while maintaining an “Overweight” rating on the shares.

Woodring adjusted the rating after what is considered a relatively clean quarter. And IBM’s stronger calendar year 2022 revenue outlook reflects improving execution and a constructive IT market backdrop.

Plus Woodring noted that he is incrementally more constructive after 2 consecutive quarters of outperformance.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.