Goldman Sachs Rates IBM Only Buy in IT Services Sector, Sets $335 Target Price

IBM-2.21%
EPAM-3.88%
According to Goldman Sachs on July 10, IBM is the only buy-rated stock in its IT services sector preview, with a target price of $335. The firm cited software resilience and enterprise AI demand as key drivers supporting IBM's relative outperformance. Goldman projects IBM's Q2 revenue at $17.86 billion and full-year revenue at $71.3 billion, with an expected growth rate of 5.2%. The bank expects sector companies to downgrade guidance midpoints amid macro uncertainty. Other holdings including EPAM, Cognizant, Globant, and TaskUs were maintained at neutral ratings.
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