International Business Machines (IBM) Stock Tumbles 22% as Citi Analyst Sets $285 Price Target – Blockonomi
Key Takeaways International Business Machines shares have plummeted nearly 22% in 2026, marking the company’s steepest year-opening decline since 2002. Citi Research’s Fatima Boolani launched coverage with a Buy recommendation and set a $285 price objective. The company reached a $17 million settlement agreement with the Department of Justice regarding diversity program allegations. This DOJ…