IBM stock price just collapsed

Core Insights - IBM reported Q2 2025 revenue of $17 billion, surpassing Wall Street's forecast of $16.6 billion, marking an 8% year-over-year increase [1] - Adjusted earnings per share were $2.80, exceeding the projected $2.65 [1] - Despite strong earnings, IBM's stock fell 6.02% to a pre-market price of $265.02 on July 24 [1] Revenue Breakdown - The increase in revenue was attributed to IBM's involvement in artificial intelligence (AI) [3] - The software segment, IBM's largest business unit, generated $7.4 billion in revenue, a 10% increase from the previous year, but only met analyst expectations [3] Stock Performance and Market Sentiment - Prior to the earnings report, IBM shares were up 28% year-to-date, outperforming Nvidia's 23.5% increase [4] - Following the earnings report, UBS raised its price target for IBM from $195 to $200 while maintaining a "Sell" rating [7] - Jefferies reiterated a "Hold" rating with a target price of $280 [7] Analyst Projections - The average target price for IBM is projected at $287.53 for the next 12 months, with optimistic estimates reaching $350 and bearish outlooks as low as $190 [5]