Barclays Upgrades IBM on Software Growth Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: stocktwits
- Software Growth: Barclays has upgraded IBM to an 'Overweight' rating, highlighting that nearly half of its revenue and most of its profits stem from software, a segment expected to continue outpacing others, thereby driving overall company growth.
- Revenue Growth Expectations: Analysts anticipate that IBM will achieve mid-single-digit organic revenue growth alongside ongoing margin expansion, which will support steady earnings growth while providing additional upside from its quantum computing initiatives.
- Quantum Computing Investment: IBM announced plans to invest over $10 billion in quantum computing over the next five years, aiming to launch a large-scale commercial quantum system by 2029, further solidifying its leadership in the high-tech sector.
- Retail Investor Sentiment: On Stocktwits, retail investor sentiment around IBM shares is in the 'extremely bullish' territory, with many users predicting the stock price will surge to $400 or even $500, reflecting strong market confidence in IBM's future performance.
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Analyst Views on IBM
Wall Street analysts forecast IBM stock price to fall
16 Analyst Rating
11 Buy
4 Hold
1 Sell
Moderate Buy
Current: 329.230
Low
210.00
Averages
315.80
High
375.00
Current: 329.230
Low
210.00
Averages
315.80
High
375.00
About IBM
International Business Machines Corporation is a provider of global hybrid cloud and artificial intelligence (AI) and consulting expertise. The Company’s segments include Software, Consulting, Infrastructure and Financing. The Software segment includes hybrid cloud and AI platforms, which allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on integrating skills on strategy, experience, technology and operations by domain and industry. The Infrastructure segment is focused on the hybrid cloud infrastructure market, providing on-premises and cloud-based server and storage solutions. In addition, it offers a portfolio of life-cycle services for hybrid cloud infrastructure deployment. The Financing segment provides client and commercial financing, facilitating its clients’ acquisition of hardware, software and services. It helps clients in more than 175 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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