By Vardah Gill
Publication Date: 2026-02-25 16:45:00
International Business Machines Corporation (NYSE:IBM) is included among the 13 Most Promising Long-Term Stocks to Buy According to Hedge Funds.
On February 24, UBS upgraded International Business Machines Corporation (NYSE:IBM) to Neutral from Sell and set a price target of $236. The upgrade reflects a more balanced view of the stock following recent volatility and changing expectations.
A CNBC report published on February 23 said IBM shares came under significant pressure that day. The stock fell about 13.2% to close at $223.35. The decline followed an announcement from Anthropic about its Claude Code AI tool, which can help modernize older systems built using COBOL. This development raised concerns among investors, as COBOL has long been closely associated with IBM’s mainframe business.
IBM has played a central role in supporting COBOL-based systems for decades. These systems continue to run critical…
