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IBM Poised to Benefit From Enterprise AI Adoption, RBC Capital Markets Says

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International Business Machines (IBM) is well positioned to benefit from growing enterprise adoption of artificial intelligence and hybrid cloud technologies, RBC Capital Markets said in a note Tuesday.

Analysts said management's overall message at IBM's Think user conference is that the company is focused on making generative AI and agentic AI "consumable for the enterprise with a focus around orchestration, ROI and compliance/governance."

RBC said IBM's approach allows enterprises to build AI applications without needing to change existing infrastructure, giving the company an advantage as businesses scale AI adoption.

The conference also highlighted IBM's internally used AI development tool Bob, which has led to "significant productivity gains," according to the note.

RBC maintained its outperform rating on IBM, but lowered its price target to $300 from $330.

Shares of IBM were down 1% in Wednesday trading.

Price: $226.64, Change: $-2.39, Percent Change: -1.04%

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