IBM has been upgraded to a Buy rating with a price target of $264.85 by 2027, reflecting a 17% potential upside. The upgrade is driven by strong recurring software revenue, which constitutes 80% of annual software sales and grew 8% to $24.6 billion in annual recurring revenue. While Q2 showed some weakness in IBM Z hardware sales, gains in distributed infrastructure and Power & Storage helped offset declines. IBM also offers a 3% dividend yield and strong cash flow, supporting debt reduction or share buybacks, making it an attractive investment opportunity.
IBM's recurring software revenue reached $24.6 billion, with a strong upgrade to Buy rating and a price target of $264.85 by 2027. For readers following the Technology sector, here is Pluang's market snapshot as of Sep 27, 2026 19:31 WIB: out of 150 priced US tech stocks, 66 rose and 82 fell. Notable movers include IT (Gartner Inc) at USD 187.90 (+4.78%), IREN (Iris Energy Limited) at USD 44.12 (-4.39%), and DDOG (Datadog Inc) at USD 268.13 (+4.36%).
ASUS has introduced a broad ecosystem of AI-ready hardware and software designed for gamers, creators, developers, and enterprises. The ASUS Agent Computer initiative enables users to deploy AI locally, in the cloud, or via hybrid models, offering co...
The global cosmetic peptide synthesis market is projected to grow from $274 million in 2027 to $354.85 million by 2032, with a CAGR of 5.34%. Growth is fueled by rising demand for advanced anti-aging skincare ingredients, increased use of peptide-bas...
Cisco is set to report its fiscal Q1 2027 earnings with a focus on cloud growth and AI demand. Analysts expect revenue around $18.1 billion, operating income of $6.5 billion, and earnings per share of $1.33, reflecting strong year-over-year growth. T...
BASF has agreed to sell its global mining solutions business to SNF, a specialty chemical company based in France, following a strategic review of BASF's Performance Chemicals division. The deal includes BASF's mining chemicals portfolio, production ...
TDG Gold Corp. has agreed to sell a 51% interest in its Aurora West property to Freeport-McMoRan for C$110 million in cash. Freeport also has an option to increase its ownership to 75% or 100% by funding an additional C$80 million in exploration and ...
