Category: Markets
Published: 2026-07-07T13:00:32.000Z
IBM's stock rose ahead of the bell, driven by anticipation around its Confluent software story rather than recent quantum computing news. BofA Securities increased its price target for IBM to $330, expecting a strong Q2 report and growth in software and infrastructure, with Confluent's revenue playing a key role. The market is watching IBM's upcoming Q2 report on July 22 to see if its software narrative and recent acquisitions can sustain its rally.
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