IBM shares rebounded 3.12% to close at $298.93 on Friday, supported by strong analyst sentiment, including a buy recommendation from Jim Cramer, who highlighted the company's attractive valuation and terrific full-year 2026 forecast.
- Cramer cited the stock's attractive 25x forward earnings valuation and a 2026 forecast projecting 5%+ revenue growth and a $1 billion increase in free cash flow.
- Wall Street maintains a "Moderate Buy" consensus rating, with price targets reaching $380, implying 30% upside.
- The company boasts a $12.5 billion generative AI book of business and has beaten earnings expectations for 17 consecutive quarters.