With an annual dividend yield of 2.50%, International Business Machines Corporation (NYSE:IBM) is included among the 12 High Yield Fortune 500 Stocks to Buy Now.
International Business Machines Corporation (NYSE:IBM) is a provider of global hybrid cloud and AI and consulting expertise.
On June 8, BofA analyst Wamsi Mohan boosted the firm’s price target on International Business Machines Corporation (NYSE:IBM) from $300 to $315, while keeping a ‘Buy’ rating on the shares. The revised objective represents an upside of over 15% from the current share price.
BofA believes that the demand for AI infrastructure continues to be broader, deeper, and more durable. The analyst firm raised its price targets on several tech stocks following the bullish sentiment surrounding the strong long-term demand trends expressed by industry experts at the BofA 2026 Global Technology Conference.
International Business Machines Corporation (NYSE:IBM) continues to bolster its position in cutting-edge technologies and disclosed last month that it would invest $10 billion into quantum computing over the next five years. The move follows a letter of intent between the company and the US federal government to build a quantum chip foundry in the country. IBM also revealed that it would put $5 billion towards an AI-linked open-source software project.
While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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