RBC Capital Maintains Outperform on IBM, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Swanson has maintained an 'Outperform' rating on IBM and raised the price target from $211 to $250.
October 10, 2024 | 4:47 pm
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RBC Capital has reaffirmed its 'Outperform' rating on IBM and increased the price target to $250, indicating confidence in IBM's future performance.
The increase in price target from $211 to $250 by RBC Capital suggests a positive outlook on IBM's future performance. The 'Outperform' rating indicates that the analyst expects IBM to perform better than the market average, which could lead to a positive short-term impact on IBM's stock price.
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