Wamsi Mohan, an analyst from Bank of America Securities, reiterated the Buy rating on International Business Machines. The associated price target remains the same with $315.00.
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Wamsi Mohan has given his Buy rating due to a combination of factors that highlight IBM’s strategic positioning and growth potential in the quantum computing space. The analyst attended IBM’s Quantum Investor Day, where senior executives, including IBM’s CFO, expressed confidence in the company’s ability to drive revenue growth and cash flows by 2026. IBM’s roadmap for quantum computing, which includes plans for scalability through tunable couplers and the coexistence of QPUs with GPUs/CPUs, is seen as a positive indicator of future profitability.
Additionally, IBM’s cloud-first model and strategic focus on intertwining hardware and software, particularly through the Qiskit platform, positions the company as a leader in quantum computing infrastructure. The company’s efforts to drive adoption in the quantum community and its significant market presence are expected to bolster its growth. These factors, combined with expectations of accelerated software growth and solid cash flow expansion, underpin the Buy rating.
In another report released on October 26, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $349.00 price target.