Goldman Sachs Maintains Buy on IBM, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst James Schneider has maintained a Buy rating on IBM and raised the price target from $220 to $250.
September 30, 2024 | 12:36 pm
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POSITIVE IMPACT
Goldman Sachs has reaffirmed its Buy rating on IBM and increased the price target to $250, indicating confidence in IBM's future performance.
The increase in price target from $220 to $250 by a reputable firm like Goldman Sachs suggests a positive outlook for IBM's stock. This is likely to boost investor confidence and potentially lead to a short-term increase in IBM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100