IBM is near support levels with potential for a bounce. Buy recommendation with a target of $248-$250.
The price of IBM is predicted to go up -10%, based on the high correlation periods with VEL. The similarity of these two price pattern on the periods is 93.75%.
IBM
VEL
Year
IBM Price Forecast($)
Potential Return(%)
2025
250.000
12.280
2026
290.000
14.880
2027
300.000
18.840
2028
320.000
26.760
2029
320.000
26.760
2030
350.000
38.650
IBM's customers prove to be even stickier than expected, still placing emphasis on the mission criticality of mainframes, databases, and choosing not to rock the boat even on ancillary applications, as a result.
IBM's Watson will undergo a turnaround, proving its efficacy, leading to boosts in IBM's software sales and potentially a boost in IBM cloud services.
IBM will gain further traction in its shipping blockchain based solutions, as its network of logistics partners becomes harder and harder to replicate.
Jefferies
2025-03-31
Price Target
$270 → $265
Upside
+6.57%
Oppenheimer
2025-02-11
Price Target
$320
Upside
+25.62%
JP Morgan
2025-01-30
Price Target
$233 → $244
Downside
-5.53%