International Business Machines Corporation (NYSE:IBM) is one of the Best Cloud Computing Stocks to Buy According to Hedge Funds. On June 23, Morgan Stanley lifted its price objective on the company's stock to $267 from $225, and maintained an "Equal Weight" rating on the shares. As per the **** yst, Dell and HPE earnings demonstrate that the enterprise server demand is far more inelastic than anticipated. This is despite significant price increases, considering the compute shortages, refresh activity, and increasing AI-associated infrastructure needs.
The **** yst further added that the estimates for 2026 and 2027 appear to be too low. Furthermore, the firm's **** yst increased the EPS estimates by 5% – 6% for the compute-exposed companies.
In a different update, JPMorgan upgraded International Business Machines Corporation (NYSE:IBM)'s stock to "Overweight" from "Neutral" with a price objective of $291, up from the prior target of $270. The firm highlighted its confidence in H2 2026 software acceleration after the **** ysis of the company's software business.
International Business Machines Corporation (NYSE:IBM) operates as an integrated solutions and services provider.
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