Another analyst climbs aboard
IBM just picked up another friendly note from Wall Street. DZ Bank analyst Ingo Wermann upgraded the stock to Buy from Hold and set a $295 price target, basically saying Big Blue still has room to run even after a rougher patch in 2026.
Why investors should care
This isn’t one giant corporate pivot or a blockbuster product launch. But for a name like IBM, analyst sentiment matters — especially when the market is already trying to figure out whether the company is a sleepy legacy giant or a sneaky AI winner in disguise.
A new Buy rating can help reinforce the “maybe this thing isn’t done yet” narrative. And when a stock has already taken a step back, a higher target from a bank can keep bargain hunters interested.
The bigger IBM storyline
IBM has become one of those stocks where the debate is basically:
- Is it a value trap wearing a blue blazer?
- Or is it a slow-burn AI and enterprise software story that the market keeps underestimating?
DZ Bank clearly lands in the second camp, at least for now. The $295 target doesn’t guarantee fireworks, but it does suggest the firm sees more upside than the stock is currently getting credit for.
Big picture: IBM keeps collecting bullish analyst notes like it’s building a weatherproof case. That doesn’t make the stock immune to reality, but it does mean the “Big Blue comeback” story is still very much alive.