By Vardah Gill
Publication Date: 2025-12-11 07:41:00
International Business Machines Corporation (NYSE:IBM) is included among the 15 Best Stocks to Buy for the Long Term.
Photo by Annie Spratt on Unsplash
On December 9, Stifel analyst David Grossman lifted his price target on International Business Machines Corporation (NYSE:IBM) to $325 from $295 after the company announced its plan to acquire Confluent for $11 billion in cash. He kept his Buy rating in place and noted that IBM has historically been able to get strong leverage out of companies that struggle to break into large enterprises and offer meaningful cost synergies. The analyst described the acquisition as a “solid deal” for IBM.
International Business Machines Corporation (NYSE:IBM) on December 8 announced that it is moving to buy Confluent, the data streaming platform, in an $11 billion deal transaction that includes debt. This is one of IBM’s largest deals to date and reflects a…
