Analysts’ Top Technology Picks: International Business Machines (IBM), WEX (WEX)
Analysts’ Top Technology Picks: International Business Machines (IBM), WEX (WEX)
Publish Date: 2026-04-24 06:07:00
Source Domain: www.theglobeandmail.com
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on International Business Machines (IBM), WEX (WEX) and Lam Research (LRCX) with bullish sentiments.
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International Business Machines (IBM)
Bank of America Securities analyst Wamsi Mohan reiterated a Buy rating on International Business Machines yesterday and set a price target of $300.00. The company’s shares closed last Wednesday at $251.86, close to its 52-week high of $266.45.
According to TipRanks.com, Mohan is a top 100 analyst with an average return of 37.6% and a 65.0% success rate. Mohan covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, DigitalOcean Holdings, and Dell Technologies. ;’
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for International Business Machines with a $307.75 average price target, which is a 20.9% upside from current levels. In a report issued on April 10, Citi also initiated coverage with a Buy rating on the stock with a $285.00 price target.
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WEX (WEX)
In a report released yesterday, Mihir Bhatia from Bank of America Securities reiterated a Buy rating on WEX, with a price target of $193.00. The company’s shares closed last Wednesday at $184.93.
According to TipRanks.com, Bhatia is a 5-star analyst with an average return of 8.8% and a 65.0% success rate. Bhatia covers the Financial sector, focusing on stocks such as Bread Financial Holdings, Capital One Financial, and Synchrony Financial. ;’
The word on The Street in general, suggests a Hold analyst consensus rating for WEX with a $169.00 average price target, a -5.2% downside from current levels. In a report released today, TipRanks – Google also upgraded the stock to Buy with a $197.00 price target.
Lam Research (LRCX)
In a report released yesterday, Vivek Arya from Bank of America Securities maintained a Buy rating on Lam Research, with a price target of
