IBM Analyst Slashes Price Target Ahead Of Q1 Results, Lowers Q2 Estimates
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IBM is set to report Q1 results on April 22, with analyst Wamsi Mohan expecting in-line earnings. He has lowered the price target from $340 to $300 while maintaining a Buy rating. The focus will be on the Confluent integration, projected to contribute $50 million in revenue, and RedHat's growth, which is expected to remain flat at 8%. Mohan also reduced Q2 earnings estimates by 15 cents per share and lowered 2026 earnings projections to $11.98 per share due to dilution from the Confluent acquisition and weaker consulting growth.
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