BofA Reaffirms Buy on IBM Stock Amid Agentic AI Expansion

International Business Machines Corporation (NYSE:IBM) ranks among the best most active stocks to buy right now. Following a discussion with Arvind Krishna, CEO of International Business Machines Corporation (NYSE:IBM), BofA Securities reiterated a Buy rating and a $340 price objective for the company’s shares on March 10. The firm invited Krishna as part of its “View from the Top” CEO call series, and BofA analyst Wamsi Mohan stated that the discussion underlined IBM’s portfolio posture for agentic AI technology.

JuliusKielaitis / Shutterstock.com

Krishna stated that systems of record, including databases and various other software components, may experience faster expansion as AI agents require access to infrastructure. He emphasized the significance of solid return on investment evidence in the coming two years to justify capital investments in AI infrastructure.

In a separate vein, International Business Machines Corporation (NYSE:IBM) revealed a five-year partnership with Lam Research Corp. to research techniques and materials for sub-1nm logic scaling. This collaboration aims to accelerate IBM’s logic scaling plan by focusing on new materials and high-NA EUV lithography.

International Business Machines Corporation (NYSE:IBM), together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments.

While we acknowledge the risk and potential of IBM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IBM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.