2026년 2월 26일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
International Business Machines (NYSE:IBM) shares fell 13% on Monday, marking their steepest drop in more than two decades, as investors weighed potential competition from Anthropic's Claude Code tool, which could modernize legacy COBOL-based systems.
Analysts at Wedbush said the selloff may overstate short-term risks and could present a buying opportunity into 2026. Dan Ives reiterated an Outperform rating with a $340 price target, noting that fears surrounding AI-driven modernization may overlook IBM's established role in mission-critical enterprise environments.
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Ives highlighted that even if AI accelerates code migration, organizations still need structured processes for compliance, integration, and system validation, areas where IBM maintains strong customer relationships. He emphasized that IBM's mainframe platform supports multiple programming environments and provides high-performance, secure infrastructure, suggesting the challenge is more about application platforms than specific coding languages.
The analyst also pointed to IBM's strategic partnership with Anthropic, designed to integrate Claude into IBM software with security, governance, and cost controls. He added that AI adoption could boost modernization demand rather than displace IBM's installed base. Longer term, Wedbush sees IBM reinforcing its competitive position through hybrid-cloud and data investments amid growing global AI infrastructure spending.
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