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Buy IBM as Investors Underappreciate the Strength of Its Software Business, Says JPMorgan
JPMorgan said IBM’s software business is underappreciated and raised its price target to $291, implying 15% upside.
Summary by CNBC
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3 Articles
IBM stock jumps after JPMorgan upgrade on AI and software growth
Shares of IBM climbed nearly 5% in premarket trading on Tuesday after JPMorgan upgraded the technology company, citing increasing confidence in its software business and potential benefits from growing artificial intelligence adoption.JPMorgan analyst Brian Essex upgraded IBM to Overweight from Neutral and raised his price target to $291 from $270. The analyst said expectations for software acceleration in the second half of 2026 have strengthen…
Coverage Details
Total News Sources3
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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