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Barchart
Nauman Khan

Here's How High Analysts Think Outperforming IBM Stock Can Rise

IBM

Legacy tech giant International Business Machines (IBM) has broken out as a surprise outperformer in 2024, with the shares up 42% on a year-to-date basis - easily surpassing the 22.5% returns of the broader S&P 500 Index ($SPX). 

The tech stock hit an all-time high of $237.37 earlier this week, driven to new heights by its pivot to artificial intelligence (AI), which is producing substantial revenue growth for the company. 

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