Why did analysts raise IBM's price target?

The hike was driven by IBM's progress in quantum computing research, along with stable cloud and consulting businesses.

Did Bank of America change its rating for IBM?

No, the rating remains "neutral" unchanged.

How much did IBM stock rise today?

The stock rose about 1.5% in today's session to trade at $210.

IBM Stock Rises After Bank of America Price Target Hike

Bank of America analysts raised the price target for IBM (IBM) stock to $220, driven by quantum computing research advances. The stock is trading higher today.

July 6, 2026

2 min read

Source: Investor's Business Daily

IBM (IBM) shares climbed in trading today after Bank of America Securities analysts raised their price target on the blue-chip tech stock, citing progress in quantum computing research.

Recommendation Change

The analysts increased the price target from $200 to $220 while maintaining a "neutral" rating. No change to the core recommendation was reported.

Analyst Rationale

The analysts believe IBM's advances in quantum computing enhance long-term growth prospects, especially following new research announcements. The stability of IBM's cloud computing and consulting businesses also supports the new target.

Context

IBM stock currently trades at $210, up about 1.5% in today's session. The stock is up 12% year-to-date. Other analysts have mixed views, with price targets ranging from $190 to $240.

What to Make of It

The price target hike reflects growing confidence in IBM's ability to capitalize on future technologies, but the "neutral" rating suggests analysts prefer to wait for more tangible achievements before upgrading the stock.

Frequently Asked Questions

Bank of America raised its price target for IBM stock from $200 to $220.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.