IBM (IBM) closed the most recent trading day at $175.01, moving +1.48% from the previous trading session.
IBM stock gained in trading Monday after Goldman Sachs initiated coverage with a buy rating and price target of 200.
International Business Machines stock was rising Monday after a Goldman Sachs analyst gave the software, services and mainframe company a bullish rating. Goldman Sachs analyst James Schneider initiated coverage of IBM with a Buy rating and a $200 price target, which implies a 16% increase from the stock’s closing price of $172.46 on Friday. The stock was up 2.2% to $176.31, and was on pace to have its largest percentage increase since March 12, 2024, according to Dow Jones Market Data.