This Tech Stock Has Plenty of Fuel Left in Its Tank

Core Viewpoint - IBM stock has shown a bullish reversal after reaching a low post-earnings, with potential for further gains driven by advancements in quantum computing algorithms [1] Group 1: Stock Performance - IBM stock rebounded after hitting a low near the 50-day moving average on October 23 [1] - The stock broke above the $296 level, completing a bullish cup and handle pattern with a target of $355 [1] Group 2: Analyst Sentiment - Analysts remain skeptical, with 14 out of 22 brokerage firms giving a "hold" or worse rating, indicating potential for upgrades that could boost shares [2] - The recommended January 16, 2026 call option has a leverage ratio of 8.3 and is expected to double with a 12% rise in the underlying equity [2]