Why Goldman Sachs Is Bullish On IBM

Loading...Loading...International Business Machines Corp IBM shares are trading higher after Goldman Sachs analyst James Schneider initiated coverage with a Buy rating and announced a price target of $200.The analyst noted the industry is amid a cyclical correction driven by IT spending constraints, a near-term shift in spending priorities toward AI-focused CapEx, and away from Software and Services.At the same time, Schneider noted investors are grappling with the secular question of whether Generative AI ...