IBM (NYSE:IBM) shares were climbing in early trading on Thursday after the company reported its second-quarter results.

The results came amid an exciting earnings season. Here are some key analyst takeaways.

Goldman Sachs On IBM

Analyst James Schneider reiterated a Buy rating while raising the price target from $200 to $205.

IBM reported revenues of $15.77 billion, slightly higher than consensus of $15.63 billion, with total revenue from continuing operations up 3.8% in constant currency terms, Schneider said in a note. “Software and Infrastructure revenue were above the Street, but Consulting came in below,” he added.

The company’s earnings from continuing operations came in at $2.43 per share, surpassing Street’s $2.18 per share, the analyst stated. Strong AI bookings performance is likely to be “an incremental positive that should help drive share gains in the Consulting business in the medium term,” he further wrote.

RBC Capital Markets On IBM

Analyst Matthew Swanson maintained an Outperform rating while lifting the price target from $200 to $211.

Results in the quarter were better …

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