IBM is under renewed scrutiny after suffering its worst single-week stock decline since 1968, a stunning move for one of the market’s best-known technology names. Even so, Wedbush analyst Dan Ives is standing by a highly bullish price target, keeping alive the view that the recent drop may not reflect IBM’s longer-term potential.
According to the available figures, IBM shares were trading at $212.67, while the average Wall Street price target was $273.75. That leaves a roughly 29% gap between the stock’s current level and the broader analyst consensus. Ives is even more optimistic, with a target that reportedly points to more than 60% upside from recent trading levels.
The core of that bullish case appears tied to IBM’s position in enterprise artificial intelligence. While the selloff has raised concerns about sentiment and execution, the more positive view is that investors may be underestimating how IBM could benefit if enterprise AI spending continues to expand. In that reading, the sharp decline may have created a disconnect between near-term fear and longer-term expectations.
The debate now centers on whether IBM’s historic pullback signals a deeper reassessment or a temporary break in a broader AI-driven story. With the stock well below both consensus targets and Ives’ much higher outlook, IBM remains a closely watched name for investors trying to judge how much value still exists after the crash.
