IBM assumed with an Outperform at Wedbush

Wedbush assumed coverage of IBM (IBM) with an Outperform rating and $300 price target Overall, the firm remains bullish as it fits into its broader tech thesis into 2025 and is positioned well for improved growth prospects over the next 12 to 18 months. Wedbush also believes IBM in particular is in the sweet spot to have an “AI turnaround for the ages” over the coming years with CEO Arvind Krishna putting Armonk on a major path for growth.