Why Stifel Says International Business Machines (IBM) Remains a Top Large-Cap Defensive AI Stock

International Business Machines Corporation (NYSE:IBM) is one of the 10 AI Stocks Making Waves on Wall Street. On January 29, Stifel analyst David Grossman raised the price target on the stock to 340from340 from 325 while maintaining a Buy rating. IBM remains top large-cap defensive pick, with analysts highlighting its FCF beat, robust software growth, and 2026 PTI guide. IBM’s fourth-quarter 2025 were in-line or slightly above consensus expectations, with 7% organic revenue growth and 15% earnings per share ...