By Jabran Kundi
Publication Date: 2026-05-15 09:29:00
International Business Machines Corporation (NYSE:IBM) is one of the Best 52-Week Low Stocks to Buy According to Hedge Funds. On May 7, BMO Capital analyst Keith Bachman maintained his Hold rating on the International Business Machines Corporation (NYSE:IBM) stock. He also set a price target of $270, representing an upside of 21% from here.
From May 4 to May 7, the company held its IBM Think 2026 event, which was centered around agenctic AI, automation, and revamping businesses with AI. Though this has generated significant investor and analyst activity, no analyst has come out with an upward target price revision. Reacting to the event, Morgan Stanley pointed out that IBM was on course to become a full-stack operator of enterprise AI rather than just an AI enabler. In the long run, this impacts both its revenue mix and margins. Erik Woodring of Morgan Stanley said:
“While execution and competitive…
