IBM’s Strategic Pivot Gains Favor with Market Analysts

A significant upgrade from a major investment bank has cast a new light on International Business Machines Corp. (IBM), suggesting its multi-year transformation under CEO Arvind Krishna is beginning to bear fruit. The move signals growing confidence that the technology giant’s sharpened focus on software and hybrid cloud solutions is closing a perceived valuation gap with its peers.

In a notable shift in sentiment, analysts at Jefferies raised their rating on IBM shares from “Hold” to “Buy” on January 5. The firm also substantially increased its price target, moving it from $300 to $360 per share. Lead analyst Brent Thill cited a clearer trajectory toward accelerated software growth as the primary rationale for Read more...