Oppenheimer believes that investors aren’t appreciating enough the growth opportunities to come for International Business Machines . The investment firm initiated the technology giant at an outperform rating and $360 price target, implying upside of 24% ahead. Analyst Param Singh pointed to IBM’s pivot to software. He expects IBM’s software portfolio to grow at a 10% compound annual growth rate over the next two years, citing the company’s strength in its automation segment and improving growth in Red Hat, its open-source software provider subsidiary. IBM YTD mountain IBM YTD chart “Our differentiated view is based on IBM’s continued successful pivot to a software-centric company, and expect revenue/margin trajectory higher than consensus,” the analyst said. “We believe investors are too conservative on IBM’s transition, with the stock still covered by multiple legacy IT hardware/services analysts.” Meanwhile, IBM’s consulting revenue inflected positive in the third quarter of…
International Business Machines Co. (NYSE:IBM) Shares Sold by B. Riley Wealth Advisors Inc. MarketBeat Article Source https://www.marketbeat.com/instant-alerts/filing-international-business-machines-co-nyseibm-shares-sold-by-b-riley-wealth-advisors-inc-2025-05-25/ Facebook Twitter Pinterest LinkedIn…