Stifel raised its price target for IBM to $246 from $205, maintaining a Buy rating. Despite a weaker Q3 forecast, IBM is expected to slightly outperform earnings estimates. IBM's dividend yield of 2.9% makes it attractive, though the stock seems stretched pre-earnings. Analysts suggest IBM is more appealing after a potential post-report dip, with 2025 looking strong.
Strategic Acquisitions Driving Growth
IBM's acquisitions, including a $6.4 billion deal for HashiCorp and completed purchases of StreamSets and webMethods, are set to boost the software segment. A new mainframe cycle in 2025 could add $1.5 billion in infrastructure revenue.
Green Energy Expansion
IBM’s acquisition of Prescinto positions the company to lead in the renewable energy and AI-driven sectors, integrating green solutions with its Maximo Application Suite. These strategic moves align IBM with future market trends in AI and sustainable energy.
Strategic Acquisitions Driving Growth
IBM's acquisitions, including a $6.4 billion deal for HashiCorp and completed purchases of StreamSets and webMethods, are set to boost the software segment. A new mainframe cycle in 2025 could add $1.5 billion in infrastructure revenue.
Green Energy Expansion
IBM’s acquisition of Prescinto positions the company to lead in the renewable energy and AI-driven sectors, integrating green solutions with its Maximo Application Suite. These strategic moves align IBM with future market trends in AI and sustainable energy.