New York, Feb 24, 2026, 10:45 EST — Regular session

• IBM stock bounced nearly 5% at the open, clawing back some ground after plunging 13.2% just a day before.
• Investors are weighing if fresh AI coding tools might put pressure on legacy modernization work.
• IBM heads into a key stretch with its March 3 conference slot up next, followed by the earnings window on April 22.

IBM shares recovered 4.8% to hit $234.08 during Tuesday’s morning session, clawing back some ground after a sharp drop of over 10% the previous day. Analysts see little chance of customers fleeing IBM’s mainframe systems anytime soon. Evercore ISI’s Amit Daryanani stuck with his Outperform rating and $345 price target, noting that…