- IBM integrates Intel's Gaudi 3 AI accelerators to boost its cloud AI capabilities.
- Analysts suggest a potential upside of 10.28% for IBM stock based on average price targets.
- GuruFocus estimates a significant downside, projecting the fair value at $153.58.
IBM (IBM, Financial) is taking a significant leap in enhancing its enterprise AI capabilities by integrating Intel's Gaudi 3 AI accelerators into its cloud services. This strategic collaboration is now live in Frankfurt and Washington D.C., aiming to improve the scalability and cost efficiency of AI workloads for IBM's vast enterprise clientele.
Wall Street Analysts Forecast
Wall Street analysts have provided insightful projections for International Business Machines Corp (IBM, Financial). According to 18 experts, the average price target is set at $250.87, with estimates ranging from a high of $320.00 to a low of $160.00. This suggests a potential upside of 10.28% from the current stock price of $227.48. For a more comprehensive insight, you can visit the International Business Machines Corp (IBM) Forecast page.
Furthermore, based on the consensus recommendation from 23 brokerage firms, IBM holds an average brokerage recommendation of 2.4, indicating an "Outperform" status. This rating is part of a scale where 1 implies a Strong Buy and 5 denotes a Sell, reflecting positive sentiment from the financial community.
On a different note, according to GuruFocus estimates, the GF Value for IBM in the coming year stands at $153.58. This reflects a potential downside of 32.49% from the current price of $227.48. The GF Value is a proprietary estimate that considers historical trading multiples along with historical and anticipated business growth metrics. For further details, visit the International Business Machines Corp (IBM, Financial) Summary page.
