BMO Capital Lowers IBM Target but Highlights Stable Business Mix

NodeGuardian · 2026-04-07T17:26:20+00:00

BMO Capital has reduced its price target for IBM to $290, maintaining a Market Perform rating. The firm highlights IBM's stability, broad product offerings, and AI advancements, especially following its partnership with NVIDIA to enhance AI solutions.

NodeGuardian

2026-04-07 17:26:20

Abstract generation in progress

BMO Capital has lowered its price target for International Business Machines Corporation (IBM) to $290 from $350, while reiterating a Market Perform rating. Despite the reduced target, the firm acknowledges IBM’s stable business mix, broad product portfolio, AI positioning, and quantum efforts as factors reducing volatility. This comes after IBM announced an expanded collaboration with NVIDIA to help enterprises scale AI solutions, particularly in data analytics and regulated infrastructure.

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