JPMorgan Raises IBM Target as Software Growth Drives Q4 Outlook

Group 1 - IBM is recognized as one of the 12 Best Dow Jones Dividend Stocks to buy according to hedge funds [1] - JPMorgan raised IBM's price target to $312 from $290, citing expected solid fourth-quarter results driven by software growth [2] - IBM has secured $9.5 billion in AI-related business, primarily in consulting, positioning itself well as AI adoption increases [3] Group 2 - IBM is focused on long-term goals in quantum computing, aiming to demonstrate quantum advantage this year and develop a fault-tolerant quantum computer by 2029 [4] - The company provides global hybrid cloud and AI capabilities along with consulting services for enterprises [5]