09:07 AM EDT, 06/20/2025 (MT Newswires) -- International Business Machines ( IBM ) is gaining ground as a top software company, with the AI revolution accelerating over the coming years, Wedbush said in a note on Friday.

The brokerage firm said that recent field checks reinforce confidence in owning cloud and AI-focused software names, with IBM ( IBM ) remaining one of its top picks.

IBM ( IBM ) has built a $6 billion Generative AI business, with more than 70 AI-infused workflows across functions like sales, finance, and marketing, Wedbush said, adding that the company is also seeing growing synergies and strong demand for Red Hat and HashiCorp products, positioning it to drive innovation across hybrid cloud and AI platforms.

Wedbush sees IBM ( IBM ) as well-positioned to benefit from enterprise demand for AI and hybrid cloud solutions, forecasting sustained growth as more businesses adopt AI to boost productivity and innovation.

Wedbush raised its price target on the stock to $325 from $300 while maintaining its 'outperform' rating.