What was JPMorgan's previous rating on IBM?

The previous rating was Neutral before being upgraded to Overweight.

Why did JPMorgan upgrade IBM?

The upgrade was driven by expectations of strong software business growth, particularly in cloud computing and AI.

Is IBM among the top blue-chip stocks with growing dividends?

Yes, IBM is included among the top 10 blue-chip stocks with growing dividends.

JPMorgan Upgrades IBM to Overweight on Software Growth

JPMorgan upgraded International Business Machines Corporation (NYSE:IBM) to Overweight from Neutral, raising its price target to $291 from $270, following an analysis of IBM's software business growth prospects.

June 25, 2026

2 min read

Source: Insider Monkey

Key Numbers

price target old

$270

price target new

$291

upside

7.8%

JPMorgan upgraded International Business Machines Corporation (NYSE:IBM) to Overweight from Neutral and raised its price target on the stock to $291 from $270, reflecting optimism about the company's software business growth.

Rating Change

Previously, JPMorgan had a Neutral rating on IBM with a $270 price target. The upgrade to Overweight with a $291 target implies approximately 7.8% upside from prior trading levels.

Analyst Rationale

JPMorgan analysts see strong momentum in IBM's software segment, driven by demand for cloud computing and artificial intelligence solutions. This growth is expected to boost revenue and profit margins over the medium term.

Context

The upgrade comes as IBM continues to strengthen its position as a blue-chip stock with growing dividends. The stock is included among the top 10 blue-chip stocks with rising dividends. No other analyst changes have been reported recently.

What to Make of It

JPMorgan's upgrade reflects a positive view on IBM, but it is not a buy or sell recommendation. Investors should monitor IBM's software performance amid intense competition in cloud and AI markets.

Frequently Asked Questions

JPMorgan raised its price target for IBM to $291 from $270.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.