RBC Capital Maintains Outperform on IBM, Raises Price Target to $211
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Swanson maintains an Outperform rating on IBM and raises the price target from $200 to $211.
July 25, 2024 | 4:46 pm
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RBC Capital has reaffirmed its Outperform rating on IBM and increased the price target from $200 to $211, indicating confidence in the company's future performance.
The reaffirmation of the Outperform rating and the increase in the price target from $200 to $211 by RBC Capital suggests a positive outlook for IBM's stock. This is likely to boost investor confidence and could lead to a short-term increase in IBM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100