IBM (IBM) Stock Climbs 25% in Q2, Yet Wall Street Remains Cautious — Here’s What’s Holding Analysts Back
The post IBM (IBM) Stock Climbs 25% in Q2, Yet Wall Street Remains Cautious — Here’s What’s Holding Analysts Back appeared on BitcoinEthereumNews.com. Key Takeaways Susquehanna launches IBM coverage with Neutral rating and $303 price target, suggesting approximately 2.5% upside from current ~$295 level Firm assigns $65 per share valuation to IBM’s quantum computing division, projecting a $650B addressable market by 2040 COBOL modernization tools powered by AI present risks to IBM’s profitable mainframe and consulting operations Most recent quarterly results exceeded forecasts: EPS reached $1.91 versus $1.81 projection, revenue hit $15.92B against $15.60B consensus Reports of Starbucks developing proprietary AI solutions to substitute IBM products create additional near-term challenges International Business Machines stock is currently changing hands near $294.79, approaching its 52-week peak of $332.46 following a robust 25% second-quarter advance that pushed shares toward all-time hig