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Wedbush resets IBM stock price target on AI momentum

Wedbush resets IBM stock price target on AI momentum

A few months ago, International Business Machines (IBM) looked like collateral damage in the artificial intelligence boom.

Investors worried that the very technology powering the AI rally could quietly chip away at the businesses that have funded Big Blue for decades.

That worry has faded fast, and one of Wall Street‘s loudest tech voices now says the recovery has further to run.

The real question is whether the catalysts behind that call can actually hold up.

Wedbush lifts its IBM stock price target to $350

Wedbush raised its price target on IBM to $350 from $320 on June 2 and kept its Outperform rating, Seeking Alpha reported, pointing to what it called “incremental positives”…

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