Evercore ISI upgraded IBM to Outperform from In Line with a price target of $200, up from $165. The firm thinks that as Enterprises look to deploy AI tools to enhance productivity the process will be “complicated and messy,” arguing that IBM, with their unique set of consulting and software assets, can help solve this bottleneck. The firm thinks IBM is well positioned to benefit from a host of tailwinds in 2024 and beyond driven by a combination of Enterprise IT spend improving to drive productivity and AI centric tailwinds, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on IBM:
- DA Davidson enterprise tech analyst to hold analyst/industry conference call
- DA Davidson enterprise security analysts hold analyst/industry conference call
- DA Davidson SASE/SD-WAN analysts hold analyst/industry conference call
- Is AI Coming for Your Job? Quite Possibly.
- DA Davidson technology analysts to hold an analyst/industry conference call