IBM Raises Profile With AI-Driven Enterprise Momentum

RBC Capital Markets raised its price target on International Business Machines Corp. to $350 from $300 and kept an Outperform rating on Jan. 5, 2026, citing clearer AI tailwinds. The note highlights momentum across IBM's AI portfolio—watsonx and Red Hat AI—and a partnership to integrate Anthropic's Claude, while z17 mainframe demand helped drive 10% software and 17% infrastructure growth in Q3. Management remains cautious in early-2026 guidance.