IBM (IBM) Stock: $165 Price Target And Buy Rating

By Amit Chowdhry ● Apr 25, 2022
  • The shares of IBM (NYSE: IBM) have received a $165 price target from BofA. These are the details.

The shares of IBM (NYSE: IBM) have received a $165 price target from BofA. And BofA analyst Wamsi Mohan increased the price target on IBM from $162 while maintaining a “Buy” rating on the shares.

Mohan noted that after the company reported a solid set of quarterly results and gave a strong outlook for 2022. Plus Mohan pointed out that IBM has made significant progress on portfolio changes, the portfolio is defensive, and it can outperform in a difficult macro environment.

Plus Mohan expects sustained revenue growth beyond 2022.

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