By Jabran Kundi
Publication Date: 2026-04-14 15:56:00
International Business Machines Corporation (NYSE:IBM) is one of the 10 Companies That Partnered With Nvidia in 2026. On April 8, David Grossman from Stifel Nicolaus reduced the firm’s price target on International Business Machines Corporation (NYSE:IBM) from $340 to $290 while maintaining a Buy rating on the stock. The firm’s downward-adjusted price target implies an additional 26% upside from the current levels. Ahead of the company’s first-quarter earnings report, the firm updated its 2026 estimates to account for potential challenges from the Gulf conflict, which could impact software and services growth. The revisions also consider the earlier-than-expected closing of the Confluent acquisition.
International Business Machines Corporation (NYSE:IBM) and NVIDIA had announced an expanded partnership at GTC 2026 on March 16 aimed at helping…