International Business Machines Corporation (NYSE:IBM) is one of the 15 AI Stocks Analysts Are Watching: Microsoft, Nvidia, and More.

On June 23, JPMorgan upgraded International Business Machines Corporation (NYSE:IBM) to Overweight from neutral and hiked its price target to $291 from $270. The firm said it sees “software acceleration” for the stock and that there could be room for multiple expansion.

We are upgrading to Overweight with greater confidence in a 2H’26 CC software acceleration following a deeper look at IBM’s software business.

The firm noted how software continues to drive better recurring revenue, margins, profitability, and cash flow. An estimated 45% of revenue and about two-thirds…