JPMorgan upgrades IBM to overweight, citing software strength

AnalystEarningsCorporate Action
โดย Yahoo Finance·Read original
Summary · why it matters

JPMorgan upgraded IBM to overweight from neutral, sending shares up 4% even as large-cap tech sold off. Analyst Brian Essex highlighted that software now drives roughly 45% of revenue but about two-thirds of consolidated profit, making it the primary engine for the stock, and set a December 2027 price target of $291. Separately, Carnival shares fell after the cruise line issued a third-quarter earnings forecast of about 35 cents per share, well below the 42 cents analysts expected, despite beating estimates last quarter. AMC also declined after the company announced a sale of about 95 million common shares to raise around $200 million, diluting existing shareholders and adding to the pressure on the former meme stock, which now trades near $2 per share.

Impact on stocks 4

Communication Services▼ · 1 stocks
AMC Entertainment Holdings Inc
AMC
▼ NegativeCapitalrelevance

AMC announced a sale of about 95 million common shares to raise around $200 million, diluting existing shareholders.

Consumer Discretionary▼ · 1 stocks
Carnival Corporation
CCL
▼ NegativeCapitalrelevance

Carnival issued a third-quarter earnings forecast of about 35 cents per share, well below the 42 cents analysts expected.

Quantum Computing▲ · 1 stocks
International Business Machines
IBM
▲ PositiveCapitalrelevance

JPMorgan upgraded IBM to overweight from neutral, setting a price target of $291, highlighting software strength.

Digital Finance & Tokenization▲ · 1 stocks
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