By Bob Karr
Publication Date: 2026-03-09 19:55:00
International Business Machines Corporation (NYSE:IBM) is one of the Best Automation Stocks to Buy According to Analysts.
On February 25, Morgan Stanley analyst Erik Woodring reduced the firm’s price objective on the company’s stock to $247 from $304, while keeping an “Equal Weight” rating, as reported by The Fly.
The firm highlighted AI disruption risk entering the debate after the Claude Code tool release. Morgan Stanley believes that there is a need to distinguish between the new tool, which might make COBOL modernization easier, cheaper, or faster compared to the stickiness of the International Business Machines Corporation (NYSE:IBM)’s mainframe.
The firm maintained its “Equalweight” rating, considering the lack of conviction, even though the risk-reward remains positively skewed. It noted the sustained software reacceleration, FCF upside, or quantum…
