JPMorgan Lifts Target on IBM (IBM) to $225; Stock Hitting New All-Time High Today

JPMorgan's Mark Moskowitz boosted his price target on shares of IBM (NYSE: IBM) Tuesday morning. The analyst now sees the stock rising to $225 over the next year, up from a prior target of $210. Moskowitz maintains an Overweight rating on IBM shares.

Shares of IBM are making a fresh all-time high at $209.91 just minutes after the opening bell. Moskowitz's new price target implies potential upside of about 7 percent from where the stock is currently trading.

The stock is up 14 percent since the beginning of 2012.

For an analyst ratings summary and ratings history on IBM click here. For more ratings news on IBM click here.

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