TECH - IBM's Moment Of Truth As Earnings Expected To Impress With Strong AI Influence Analyst Says | Benzinga
International Business Machines Corp (NYSE:IBM), will be reporting its first-quarter earnings on Wednesday. Wall Street expects $1.59 in EPS and $14.6 billion in revenues as the company reports after market hours.
IBM stock is up over 45% in the past year, and has risen 11.75% YTD. IBM stock is being propelled by its rapid product deployment, focused attention on AI, and robust cash flows.
As investors prepare for IBM’s upcoming earnings report, insights from BofA Securities shed light on the company’s trajectory and potential.
The IBM Analyst
BofA Securities’ analyst Wamsi Mohan maintains a Buy rating on IBM, with a price target of $220, suggesting 20.9% upside from the current price of $181.90.
The IBM Investment Thesis Ahead Of Q1 Earnings
Mohan emphasizes IBM’s defensive investment appeal, highlighting its substantial exposure to recurring sales, ...