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Wajeeh Khan

This Analyst Just Turned Bullish on IBM Stock. Here's Why.

IBM Raimo Lenschow Barclays United States

International Business Machines (IBM) stock extended its gain on June 1 after Barclays analyst Raimo Lenschow initiated coverage of the AI infrastructure firm with an “Overweight” rating.

In his research note, Lenschow told clients that IBM could be trading at $350 by year-end, a bullish price target that signals potential upside of nearly 10% from current levels.

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