IBM's slowing cloud growth eclipses upbeat third-quarter results
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Evercore ISI on IBM (IBM): 'remains positioned to sustain mid single digit sales and high-single/low double-digit FCF growth'
October 23, 2025 4:18 AM EDTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $315.00 price target on IBM (NYSE: IBM).
The analyst comments "IBM reported a solid Sept-qtr beat with revenue/EPS of $16.3B/$2.65 driven by broad-based growth across all three segments. Overall, sales were up 7% in CC driven by software growth 9% (though RHT decel is notable), Consulting returning to 2% growth in CC, and Infrastructure being up 15% driven by the z17 mainframe cycle. The big question on the print was... More
