Evercore ISI Upgrades IBM to Outperform on AI Growth Prospects

IBM Upgraded to Outperform: Potential in AI Drives Positive Outlook

Technology giant IBM has received an upgrade from Evercore ISI, with the firm recognizing the company’s potential to capitalize on the increasing demand for artificial intelligence (AI) applications and a general rise in IT spending. IBM, which is renowned for its ability to address complex enterprise challenges, is expected to see a boost in sales for its consulting and software solutions due to the growing need for AI tools. This positive outlook has driven Evercore ISI analysts to upgrade their rating for IBM from Neutral to Outperform.