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美银坚定看多IBM：目标价升至335美元，高利润软件与现金流成核心支撑

$美国银行$证券分析师Wamsi Mohan发表研报，将$IBM$目标价从315美元上调至335美元，同时维持“买入”评级。该行表示，IBM拥有强劲的自由现金流前景，同时高利润率软件业务占比提升，这将抵消短期面临的不利因素。分析师预测，在IBM于当地时间1月28日公布2025财年第四季度财报时，人员结构调整措施可能导致税前利润率有所收窄。展望2026年，美银预计IBM营收增幅将达到5%，增长动力主要来自软件业务的强劲表现，以及基础设施业务的温和增长。

美银坚定看多IBM：目标价升至335美元，高利润软件与现金流成核心支撑

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