11:08 AM EDT, 04/23/2026 (MT Newswires) -- IBM (IBM) remains well-positioned to ride the wave of artificial intelligence demand as its diversified portfolio and offerings gain traction, Wedbush analysts said in a Thursday note.

Analysts said that for Q1, the company's top-line and bottom-line beat estimates, as it maintained its revenue and free cash flow guidance for the year.

Wedbush said that IBM is taking a prudent approach to navigating macro headwinds while facing stronger demand for AI adoption within software services.

Analysts increased their 2026 adjusted earnings estimate for IBM to $12.44 from $12.40. Analysts polled by FactSet expect $12.41.

Webush also increased its 2026 revenue guidance for IBM to $71.21 billion from $70.95 billion. Analysts surveyed by FactSet expect $71.41 billion.

Analysts maintained an outperform rating on the stock, but lowered its price target to $320 from $340.

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