By Vince Condarcuri
Publication Date: 2025-11-21 23:06:00
Shares of tech firm IBM (IBM) jumped on Friday after investment firm Oppenheimer began coverage with a Buy rating and a $360 price target, the highest on Wall Street right now. Analyst Param Singh said that the positive outlook is based on IBM’s ability to grow its software business and improve its consulting services, while benefiting from AI technology.
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Singh expects IBM’s software division to keep growing at double-digit rates, thanks to HashiCorp and better results from Red Hat. Consulting is also expected to slowly recover, with steady growth in application development and management services. On top of that, Singh sees more revenue coming from AI-related work, such as helping companies build and run AI applications. These strengths could help IBM improve its profit margins as it shifts toward a software-heavy business model.
What makes Singh’s view different from others on Wall Street is his strong belief that IBM’s transition to a…
