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IBM Stock Soars After Outperform Rating and Quantum Plans

11/23/2025

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Summary

Story summary

Oppenheimer initiated coverage on IBM with an Outperform rating and a $360 price target.
IBM's partnership with Cisco aims to develop large-scale quantum computers, with a proof-of-concept expected in five years.
IBM's stock rose 2.9% to $296.81 after the news, recovering from a three-day losing streak.
The firm highlighted revenue potential from artificial intelligence (AI) applications, signaling a shift toward a higher-margin software business.

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Story summary

Oppenheimer initiated coverage on IBM with an Outperform rating and a $360 price target.
IBM's partnership with Cisco aims to develop large-scale quantum computers, with a proof-of-concept expected in five years.
IBM's stock rose 2.9% to $296.81 after the news, recovering from a three-day losing streak.
The firm highlighted revenue potential from artificial intelligence (AI) applications, signaling a shift toward a higher-margin software business.