It didn't take long for shares of International Business Machines (NYSE:IBM | IBM Price Prediction) to return to their winning ways.
It's the year of the mega-cap AI IPO, with SpaceX readying for a mid-June IPO, valued at $1.75 trillion, and Anthropic poised for its own big moment later in the year.
At $329.23, International Business Machines (NYSE:IBM | IBM Price Prediction) trades well above the roughly $260 level that some value-oriented frameworks would flag as a more compelling entry point.
IBM (IBM) reached $329.23 at the closing of the latest trading day, reflecting a +2.75% change compared to its last close.
IBM gains 26.7% after a federal quantum initiative, backed by a proposed $1B award and a $10B investment plan through 2029.
Wedbush Securities has raised its price target on International Business Machines Corp (NYSE:IBM) from $320 to $350 while maintaining its outperform rating, arguing that a wave of AI-driven disruption fears that weighed on the stock earlier this year has proved unfounded and that the company's underlying momentum across its core product portfolio is strengthening. The upgrade follows what Wedbush describes as a period in which IBM was caught up in what it terms the "AI Ghost Trade," a de-rating driven by concerns that Claude Code, Anthropic's AI coding tool, could modernise legacy COBOL systems and bypass IBM's entrenched enterprise install base entirely.
On the evening of March 30, 2026, Google Quantum AI quietly published a 57-page whitepaper that, in a more attentive market, should have sent cybersecurity stocks and crypto markets into chaos. Instead, it barely registered.
IBM's strong stock momentum Monday comes as the software sector continues its comeback.
IBM is the latest tech stock to set fresh records as investors pile into the AI trade.
IBM (IBM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
IBM deepens Lightedge tie-up, integrating PowerVS into Lightedge???s hybrid cloud offering to simplify IBM Power management across providers.
IBM (IBM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.