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<Research> Citi Raises International Business Machines Corporation (IBM.US) TP to USD375, Rates Buy on AI and Quantum Parallel
International Business Machines Corporation (IBM.US) and Red Hat recently announced the launch of Project Lightwell, committing USD5 billion and leveraging advanced AI technologies...
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<Research> Citi Raises International Business Machines Corporation (IBM.US) TP to USD375, Rates Buy on AI and Quantum Parallel
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International Business Machines Corporation (IBM.US)      and Red Hat recently announced the launch of Project Lightwell, committing USD5 billion and leveraging advanced AI technologies along with a global team of more than 20,000 software engineers to help enterprises safeguard the security of AI-enabled open-source software.

Citi said in a report that it communicated with the investor relations department regarding the "Lightwell" initiative and an 8-K filing disclosing a further USD10 billion reinvestment plan over five years to advance IBMs quantum vision and positioning. Overall, these developments are not expected to affect near-term forecasts. However, when combined with early findings related to the use of AI to detect vulnerabilities and threats (linked to the former) and the pending IPO scale-up of peer Quantinuum (linked to the latter), they are attractive over the medium term. Both reinforce the banks positive investment stance, which centers on IBMs strategic use of its ubiquitous, multi-product and multi-form-factor infrastructure footprint to quietly deepen its roots within enterprise IT architecturecontrary to prevailing investor perceptions.

Related NewsISM Manufacturing PMI for May in the United States is 54.0, higher than the previous value of 52.7. The forecast was 53.
At the same time, IBM is both adapting to and driving two parallel paradigm shifts in architecture and computingAI and quantum. Over time, its cash flow profile is expected to surpass that of large-cap Tech peers, yet its valuation remains underestimated or misunderstood. With growing confidence in quantum momentum and clearer forecast implications, Citi raised its TP from USD285 to USD375 and maintained a Buy rating. (da/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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