The opinion of the company International Business Machines Corp. IBM) the stock price is reconfirming the most important level in several months, Wamsi Mohan, Wall Street analyst for Bank of America Corporation (NYSE: BAC), reiterated his 12-month outlook.
In a note to clients on Monday, July 6th, Mohan maintained a Buy rating and raised his 12-month price target to $330 from $315. At the current price of $296.94, IBM’s new price target property it means that it has increased by about 11.13% in the next 12 months.
Mohan highlighted several advantages that led to this upgrade. He expects IBM to modestly raise its FY26 guidance for total earnings and free flow (FCF).
Likewise, the analyst sees additional upside for IBM stock from faster-than-expected synergies related to the Confluent acquisition. In addition, Mohan also reported strong growth in the enterprise software business and its strong segment and storage within the infrastructure space.
According to the filing, Confluent is expected to generate $340 million in revenue in the second fiscal quarter, representing roughly 5% of programmatic revenue growth. Mohan he emphasized IBM’s ongoing transition to high-performance software, which allows for free cash flows and offers long-term options from quantum computing.
IBM’s stock price is a trend
Following Mohan’s bullish IBM stock forecast, 17 Wall Street analysts have an estimate of $302.94, based on data from TipRanks.
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Wall Street analysts may indicate a moderate Buy on IBM stock following its consolidation in the past 12 months. At the time of reporting, IBM’s share price is trading close to the same resistance level set in 2025.
If IBM’s share price declines again in this decline, IBM’s share price predictions of Wall Street analysts may become invalid. However, if IBM’s share price returns to its peak this year, Mohan’s goal could be hit.
