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International Business Machines Corporation (IBM) Receives Price Target Increase to $250 from RBC Capital, Driven by Strong AI and Hybrid Cloud Momentum Ahead of Q3 Results

By Yahoo! Finance   |   Oct 19, 2024 at 01:45 PM EST
International Business Machines Corporation (IBM) Receives Price Target Increase to $250 from RBC Capital, Driven by Strong AI and Hybrid Cloud Momentum Ahead of Q3 Results

The S&P 500 is close to hitting 6,000, fueled by strong corporate earnings and AI stocks' surge. Analysts warn of high valuations impacting growth, while emphasizing the need for sectors with strong earnings growth.

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