BofA Securities boosts IBM price objective to $330, citing improving software mix and Confluent synergies ahead of fiscal Q2 earnings.
IBM (NYSE:IBM) shares rose Monday after BofA Securities raised its price forecast on the stock. In a note released Monday, BofA said IBM appears well-positioned to deliver solid second-quarter results and could modestly raise its full-year 2026 guidance.
BofA analyst Wamsi Mohan reiterated a Buy rating on the technology giant and raised the price forecast from $315 to $330.
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