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Evercore ISI Drops IBM (IBM) from Tactical Outperform List

January 29, 2026 10:32 AM EST

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $345.00 price target on IBM (NYSE: IBM).

The analyst comments "We are removing IBM from our Tactical OP list following their strong Dec-qtr beat/CY26 guide above consensus. IBM reported Q4 upside yesterday with revenue/EPS of $19.7B/$4.52 vs.... More