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%).
Microsoft's AI investments are starting to yield significant financial returns, with Azure hitting $100 billion in annual revenue and a backlog of $678 billion in commercial contracts providing strong multi-year revenue visibility. The company report...
Zcash (ZEC) experienced a 3.04% price decline within an hour, falling from $1,627 to $1,577 as long liquidations reached $1.94 million across Binance, Bybit, and OKX. Short liquidations were minimal at $20,000, indicating most liquidations were from ...
JPMorgan Chase's stock returned 572% over the past decade, far outperforming the S&P 500's 258% gain, driven by strong deposit growth, investment banking fees, and wealth management. However, in the past year, JPMorgan's shares rose only 11.5%, under...
Analyst Peter Brandt forecasts Bitcoin may reach between $300,000 and $600,000 by late 2029, with a strong chance of hitting around $500,000 during the next major bull cycle tied to the 2028 halving event. This implies a potential sixfold increase fr...
Ethereum is trading at around $2,714, about 45% below its all-time high, with critical resistance at $2,820. A daily close above this level could trigger a move to $3,000, while a drop below $2,530 risks a deeper decline. Analysts' year-end targets v...
