By Laiba Immad
Publication Date: 2026-04-23 08:40:00
We recently compiled a list of the 10 Most Undervalued Dow Stocks to Buy Now. International Business Machines Corporation is among the most undervalued Dow stocks on this list.
TheFly reported on April 20 that Jefferies reduced its price target on IBM from $370 to $320 while maintaining a Buy rating. The firm highlighted expectations for a strong first-quarter performance, anticipating that IBM could exceed Street estimates driven by approximately 11% year-over-year software growth supported by easier comparison metrics.
Separately, earlier on April 10, the U.S. Department of Justice announced a False Claims Act settlement with International Business Machines Corporation (NYSE:IBM) totaling $17,077,043, including civil penalties. The resolution addresses allegations that the company did not meet anti-discrimination obligations tied to its federal contracts. Authorities stated the case involved practices that were alleged to have resulted in discrimination against…