BofA Securities raised its price target for IBM to $330, fueled by optimism over Confluent software revenue growth ahead of the Q2 earnings report on July 22, 2026. The company released preliminary financial results on July 14, entering the earnings period with strong momentum in AI and cloud sectors. Despite this growth, IBM faces pressure from a premium valuation and investor concerns regarding profit margins.
IBM is expected to report earnings of $2.92 per share and revenue of $17.33 billion in its upcoming quarterly financial release.
Read the full storyAnalysts cut revenue forecasts to $16.9 billion following a 25% stock plunge driven by concerns over AI growth guidance.
IBM enters its Q2 2026 earnings release as investors weigh cloud and AI growth against premium valuation risks and software revenue concerns.
IBM CEO Arvind Krishna released preliminary Q2 2026 financial data to provide early transparency to investors ahead of the company's full earnings report.
BofA Securities raised its IBM price target to $330, citing software revenue growth potential ahead of the company's Q2 earnings report on July 22.