IBM Story Is Underappreciated, Goldman Sachs Says Stock Can Re-Rate Higher

Goldman Sachs analyst James Schneider expressed views on International Business Machines Corporation‘s IBM Investor Day, which took place on February 4.The analyst maintained a Buy rating and a $275 price forecast, considering the company remains underappreciated in the TMT sector and offers discovery value, especially for long-only investors.The analyst notes that IBM projects over 5% total revenue growth from 2025 to 2027, including M&A, with pre-tax margin and FCF growth outpacing revenue growth.The anal ...