IBM rises after Wedbush adds stock to 'best ideas' list
ReutersMar 24, 2025 11:17 AM
Shares of International Business Machines IBM.N rise 1.3% to $247.1 in premarket trading
Wedbush adds the consultancy and IT software company to its "best ideas" list
Says IBM is well positioned to capitalize on the current demand shift for hybrid and AI applications as more enterprises look to implement AI to drive efficiencies across operations
"IBM looks to balance growth with operating leverage into its business model to drive its free cash flow profile, which is expected to be ~2-3 points above revenue growth," Wedbush says
Stock had risen 34.4% in 2024
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