10 AI Stocks on Analysts’ Radar Right Now

4. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 56

International Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products. On January 30, Jefferies raised the firm’s price target on the stock to $270 from $245 and kept a “Hold” rating on the shares. The analysts told investors in a post-earnings note that for the fourth straight quarter, software revenue accelerated to 11% year-over-year constant currency growth and that IBM’s GenAI book of business also accelerated. IBM’s AI Book of Business is a combination of bookings and actual sales across various products. Its value stood at more than $5 billion inception-to-date, up about $2 billion from the third quarter. The analyst further added that the calendar 2025 outlook “was positive as well”. IBM’s revenue growth is expected to accelerate to greater than 5% year-over-year in constant currency from 3% in 2024.