10 Trending AI Stocks on Wall Street’s Radar

6. 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, RBC Capital analyst Matthew Swanson raised the firm’s price target on the stock to $276 from $250 and kept an “Outperform” rating on the shares. According to the firm, IBM has had a solid quarter overall. In particular, three focal metrics stood out due to their strong outperformance, namely: free cash flow, GenAI bookings, and Red Hat growth. The analysts told investors in a research note that all three metrics came in above expectations whilst building momentum into 2025 with guidance for $13.5B in free cash flow.