IBM is trading 10.2% up at $328.03 following a bullish analyst initiation and sustained momentum in the AI sector.
- Barclays initiated coverage with an Overweight rating and a $350 price target, highlighting the company's strategic positioning in AI and hybrid cloud solutions.
- The move extends a sharp multi-day rally for the stock, coming amid a broadly positive tape for U.S. equity futures and AI-related technology names.