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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
BofA Securities raised its price target for IBM to $330, fueled by optimism over Confluent software revenue growth ahead of the Q2 earnings report on July 22, 2026. The company released preliminary financial results on July 14, entering the earnings period with strong momentum in AI and cloud sectors. Despite this growth, IBM faces pressure from a premium valuation and investor concerns regarding profit margins.