By Talha Qureshi
Publication Date: 2025-11-24 13:58:00
International Business Machines Corporation (NYSE:IBM) is one of the Best Cloud Stocks to Buy Now. On November 21, Param Singh from Oppenheimer initiated International Business Machines Corporation (NYSE:IBM) with a Buy rating and a $360 price target. Earlier on November 19, Amit Daryanani from Evercore ISI had also reiterated a Buy rating on the stock with a $315 price target.
Singh from Oppenheimer noted that his bullish sentiment is based on the prediction that the company’s software portfolio can achieve double-digit revenue growth driven by robust automation and growth in Red Hat. Moreover, the analyst also sees the consulting segment sustaining its low single-digit growth along with a recovering application development and management.
In addition to this improved positive outlook, the company is also making progress with quantum computers. On November 20, Reuters reported that International Business Machines Corporation (NYSE:IBM) and Cisco Systems…