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IBM Stocks Edge Higher Although Truist Questions AI Payoff Timing
GuruFocus ·
GuruFocus reports: IBM, the enterprise-technology and hybrid-cloud company , received a Hold rating and $240 price target as Truist Securities began coverage, with shares up to $227.16 at 10:52 a.m. ET on October 9. That leaves roughly 5.7% upside to the analyst's target. A strong bounce. A restrained endorsement. According to Truist's assessment, IBM has plenty working in its favor: mainframes, Red Hat, software that works across AI models and a sizable consulting business. The sticking…