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Barchart
Jabran Kundi

Why Citi Analysts Are Betting IBM Stock Can Gain Nearly 20% From Here

IBM Citi Confluent

Investors looking to add AI exposure to their portfolio received another trade idea when Citi initiated coverage on International Business Machines (IBM). The research firm cited attractive valuation, acquisition synergies, and artificial intelligence tailwinds as the major reasons for its “Buy” rating and $285 price target. 

Citi pointed out that IBM has minimal capital intensity exposure to AI demand while being in a position to build the next leg of enterprise AI systems. This unique position is mainly a result of the company’s existing presence in some of the most complex enterprise IT systems in the world, giving it a strong defensive position in a growing industry.

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