Bank of America analyst Wamsi Mohan raised the IBM price target to $315. The previous price objective was $300. The firm reaffirmed its Buy rating on the shares.
Mohan cited AI infrastructure demand that is broader, deeper, and more durable than previously expected. The updated outlook for IBM and several other stocks followed bullish sentiment at the BofA 2026 Global Technology Conference.
The move reflects growing Wall Street confidence in IBM's strategic positioning within the expanding artificial intelligence market.