IBM Shares Surge as Analysts Signal Major Upside

The technology veteran IBM, once viewed as a legacy hardware company, is undergoing a remarkable transformation that is capturing significant attention on Wall Street. A substantial analyst upgrade at the week’s close has ignited fresh optimism, raising a pivotal question: is the stock poised for a sustained AI-driven rally, or is the current enthusiasm premature?

From a technical analysis perspective, the stock’s position has strengthened considerably. Closing the week at $258.45, the shares are now trading firmly above the critical 50-day moving average of $250.71. Market observers interpret the rising trading volume and the expanding gap above long-term trend lines as confirmation that major institutional investors are now boarding the train. Read more...