IBM Stock Price Prediction 2025: On June 9, 2025, BofA analyst Wamsi Mohan reiterated a Buy rating on IBM (NYSE: IBM) stock with a price target of $290 (previously $270), which implies a potential upside of 6.6% from the current level.
BofA sees IBM as a defensive stock that holds up in volatile markets and justifies a higher valuation. The firm values IBM at 20x its estimated free cash flow for 2026, up from 19x. BofA expects the upcoming z17 mainframe to increase transaction-processing revenue and strengthen IBM’s core services. Tools like the Spyre accelerator, WatsonX Code Assistant, and beefed-up services should make growth more steady and less volatile.
IBM shows strong revenue growth, driven by software, especially Red Hat and automation. Its annual recurring revenue grew by 11% compared to last year. The company’s generative AI business has reached over $6 billion, supporting better margins and cash flow.
At the 2025 Global Technology Conference, IBM shared plans for new products and cross-selling, such as the integration with HashiCorp, which supports the positive outlook.
In other recent news, IBM stock reached an all-time high of $273.47 today, June 10, 2025. It has surged 17% over the past six months, performing better than some major tech companies, including Microsoft and Amazon.
On Tuesday at 12:30 PM, IBM stock price was $272.08, up 1.19% from the previous closing.
Is IBM a Good Stock to Buy?
Turning to Wall Street, analysts have a “Buy” consensus rating on IBM stock. Based on LSEG data, the average price target of $260.62 implies an 4.21% downside from the current stock price. Over the past three months, out of 15 analysts covering the stock, 8 have issued Buy, 2 have assigned Sell, and 5 have given Hold, as shown in the graphic below.
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