IBM: Quantum Calculations and Confluent Integration - BofA Expects Moderate Increase in Revenue and Cash Flow Forecasts

BofA raises the price target to $330 and considers an increase in revenue and cash flow forecasts to be possible. The integration of Confluent optimizes the high-margin software mix of the company. First published calculations of fusion materials strengthen positioning in quantum computing. BofA Analysis and Financial Outlook On July 6, the Bank of America (BofA) raised the price target for International Business Machines Corporation (IBM) from $315 to $330 and confirmed the buy recommendation for the stock. From an analyst's perspective,...