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Wedbush raises IBM price target to $350, citing strong AI and cloud momentum and easing disruption fears.

Analyst Insights
02 Jun 2026
Proactive Investors
View Source
Bullish
pluang ai news

Wedbush Securities increased its price target for IBM from $320 to $350, maintaining an outperform rating. The upgrade follows a period of market concern over AI disruption, which Wedbush now sees as unfounded, with IBM showing strong momentum in AI, hybrid cloud, automation, and cybersecurity. The $11 billion acquisition of Confluent enhances IBM's data streaming and hybrid cloud capabilities. IBM's internal productivity gains of $4.5 billion and ongoing $10 billion quantum computing investment position it well for long-term growth in AI and quantum markets.

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