IBMIBMInternational Business Machines Corporation
$226.06
24h
-0.53%
Hardik ShahHardik Shah
20 Jul, 11:15

Stifel reiterates Buy on IBM with lowered PT

Bullish+6.30%

AI Summary

Stifel maintains a Buy rating on IBM despite cutting the price target to $235 from $290 due to AI capex shift concerns following a 2Q pre-release miss.

$IBM | ๐’๐ญ๐ข๐Ÿ๐ž๐ฅ reiterates ๐๐ฎ๐ฒ on ๐ˆ๐๐Œ, ๐œ๐ฎ๐ญ๐ฌ ๐๐“ ๐ญ๐จ $๐Ÿ๐Ÿ‘๐Ÿ“ ๐Ÿ๐ซ๐จ๐ฆ $๐Ÿ๐Ÿ—๐ŸŽ Analyst sees elevated uncertainty after a 2Q pre-release miss, attributed to an AI capex shift, prompting a lowered base-case PT. https://x.com/AIStockSavvy/status/2079163185437769895/photo/1

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