IBM’s 2025 Surge: AI Boom, Quantum Breakthrough & Stock Soars to New Heights
IBM shares rose 28% year-to-date to about $283, outpacing the S&P 500. Market cap stands near $265 billion, with a P/E ratio of 45.7 and annual revenue around $64 billion. The company raised 2025 free cash flow guidance above $13.5 billion after a quantum computing breakthrough with HSBC. Analyst consensus is neutral, with most targets below the current price.