IBM remains top software name as with AI, quantum momentum driving upside, Wedbush says

  • International Business Machines Corp (NYSE:IBM) has earned a price target increase from Wedbush analysts, who also maintained their ‘Outperform' rating on their bullish view of the tech giant's role in the ongoing AI revolution.  “We believe that IBM is well-positioned to capitalize on the current demand shift for hybrid and AI applications with more enterprises looking to implement AI for productivity gains and drive long-term profitable growth,” they wrote.