Stifel Maintains Buy on IBM, Raises Price Target to $246
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst David Grossman maintains a Buy rating on IBM and raises the price target from $205 to $246.
October 16, 2024 | 2:05 pm
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Stifel analyst David Grossman has reaffirmed a Buy rating on IBM and increased the price target from $205 to $246, indicating a positive outlook on the stock.
The increase in price target from $205 to $246 by Stifel suggests a strong positive outlook on IBM's future performance. The Buy rating indicates confidence in the stock's potential to appreciate, likely leading to a positive short-term impact on IBM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100