By Liz Napolitano
Publication Date: 2026-06-01 14:50:00
IBM has taken a massive leap into the quantum computing market, and investors could reap the rewards of its investment into the futuristic technology, according to Barclays. The bank initiated coverage of the original technology stock name with an overweight rating, giving it s 12-month price target of $350, implying 18% upside from Friday’s close. IBM rallied more than 8% Monday. In its most optimistic bull case, Barclays has a price target of $449 on IBM, or 51% above the last close. “We see mid single digit organic revenue growth and ongoing margin leverage, which should create a stable earnings compounder with a Quantum option — a good combination and hence our Overweight rating,” analysts led by Raimo Lenschow wrote Monday in a report. “IBM has a compelling opportunity ahead around quantum computing that could accelerate growth if successful.” IBM recently pledged to invest more than $10 billion in quantum computing over the next five years, with the goal of creating…