Tech giant IBM (IBM) continues to win praise on Wall Street as analysts grow increasingly bullish on its long-term potential. Indeed, four-star Wedbush analyst Daniel Ives raised his price target on the stock from $300 to $325 while maintaining an Outperform rating. Ives named IBM one of the top software stocks to own as artificial intelligence adoption accelerates, calling it an “AI winner” on his IVES AI 30 list. Despite its strong stock performance so far in 2025, Ives believes that IBM is still underowned and only in the early stages of a multi-year growth renaissance driven by AI.
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Adding to this optimism, Bank of America and Evercore ISI also recently raised their price targets on IBM due to the company’s ongoing transformation. BofA’s five-star analyst, Wamsi Mohan, boosted his target to $320 from $290, arguing that IBM is no longer the “value trap” some investors remember from its pre-2020 days. Instead, IBM has restructured its software segment by acquiring higher-growth businesses and shedding slower, cost-heavy operations, which are moves that should lead to stronger revenue growth going forward.
Similarly, Evercore ISI raised its price target from $275 to $315 and now expects mid-to-high single-digit revenue growth and double-digit earnings and free cash flow growth in the next few years. According to five-star analyst Amit Daryanani, IBM could generate $16–$18 per share in annual earnings within three years. With market sentiment and valuation multiples improving, all three firms agree that IBM is well-positioned to benefit from the next phase of enterprise AI and cloud expansion.
What Is the Target Price for IBM?
Overall, analysts have a Moderate Buy consensus rating on IBM stock based on seven Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $267.54 per share implies 5% downside risk.
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