By Talha Qureshi
Publication Date: 2026-05-05 10:11:00
International Business Machines Corporation (NYSE:IBM) provides hybrid cloud and artificial intelligence solutions, along with consulting services. The company is also engaged in quantum computing as it develops proprietary superconducting hardware and a sophisticated software ecosystem built around the Qiskit framework. IBM ranks as one of the Best Quantum Computing Stocks to Buy and Hold for 10 Years.
Recently, on April 28, HSBC upgraded International Business Machines Corporation (NYSE:IBM) from Sell to Hold rating and raised the price target from $218 to $231. The rating upgrade is based on the firm’s new valuation of IBM’s quantum computing business. HSBC values IBM’s quantum computing at $35 billion, suggesting that the segment already holds a meaningful part of the company’s overall business.
Moreover, the firm also noted that if HSBC valued quantum on the same enterprise‑value‑to‑revenue multiples as pure‑play peers such as IonQ,…
