Erste Group Upgrades IBM to ‘Buy’ on Strong Q3 and Red Hat-Led Growth
International Business Machines Corporation (NYSE:IBM) is one of the Must-Watch AI Stocks on Wall Street. On December 5, Erste Group upgraded the stock from Hold to “Buy” following robust third-quarter performance and improved financial guidance. The improved financial outlook for IBM, together with Red Hat momentum, support the rating upgrade. “Following the good Q3 results, IBM management has raised its financial guidance for the full year 2025. The company now expects revenue growth of more than 5%. Th ...