International Business Machines (IBM) picked up two separate catalysts within roughly a day this week, and only one came from a stock ****** yst.
JPMorgan upgraded IBM (IBM) to Overweight on Tuesday and raised its price target to $291 from $270, a call built entirely on the company's software business, according to a Seeking Alpha report.
A day earlier, IBM picked up a different kind of momentum tied to a White House signing ceremony and a new OpenAI partnership, unrelated to quarterly earnings.
IBM has spent the last decade reshaping itself around software, hybrid cloud, and now artificial intelligence.
The stock matters to investors less as a growth story and more as a test of whether legacy tech companies can convert AI hype into recurring revenue.
JPMorgan upgraded IBM (IBM) to Overweight on Tuesday and raised its price target to $291 from $270, a call built entirely on the company's software business, according to a Seeking Alpha report.
A day earlier, IBM picked up a different kind of momentum tied to a White House signing ceremony and a new OpenAI partnership, unrelated to quarterly earnings.
IBM has spent the last decade reshaping itself around software, hybrid cloud, and now artificial intelligence.
The stock matters to investors less as a growth story and more as a test of whether legacy tech companies can convert AI hype into recurring revenue.
4 hours ago
