International Business Machines Corporation (IBM) is upgraded to “Buy” from Hold by Jefferies on January 6, citing software growth in 2026 driven by Red Hat momentum and hybrid cloud acquisitions. Analysts believe IBM’s moves strengthen its hybrid cloud capabilities and Mainframe business, adding stability and recurring revenue. IBM trades at 26x CY27 P/E with upside potential.

Read more at Yahoo Finance: IBM Earns Buy Rating as Analysts See Software Acceleration Ahead in 2026