IBM stock rises against tech slump as BofA lifts target and Jan. 28 earnings date nears
IBM shares rose 1% to $306.34 Wednesday, outperforming a 1.5% drop in the Invesco QQQ Trust. Bank of America Securities raised its IBM price target to $335 and kept a Buy rating. IBM will report fourth-quarter earnings and hold a results call on Jan. 28 after markets close. The $11 billion Confluent acquisition is expected to close by mid-2026.