Wedbush Securities raised IBM price target to $350 from $320 maintaining outperform, citing dissipated AI-driven deceleration fears and strengthening momentum across AI, hybrid cloud, automation, and cybersecurity lines. The analyst highlighted IBM’s $11 billion Confluent acquisition, $4.5 billion in internal AI productivity gains, and $10 billion quantum investment through 2029.
Wedbush Securities elevated its price target on IBM from $320 to $350 while maintaining an outperform rating. The firm argued that earlier concerns over AI-driven disruption—labeled the “AI Ghost Trade”—have subsided as IBM’s enterprise install base remains engaged in legacy system modernization rather than bypassing it.
Channel checks reveal solid momentum across IBM’s AI, hybrid cloud, automation, and cybersecurity businesses. Enterprise customers are increasingly adopting IBM’s integrated software, consulting, and infrastructure solutions to address scalability, compliance, and security requirements in their digital transformation initiatives.
IBM closed its $11 billion acquisition of Confluent to deepen data streaming and hybrid cloud capabilities. The company has realized $4.5 billion in internal productivity gains—excluding benefits from its AI deployment, IBM Bob—and is investing $10 billion in quantum computing research with a target of delivering a fault-tolerant machine by 2029.
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