Jefferies upgrades IBM to Buy due to expected software growth in 2026

Jefferies upgrades IBM to Buy due to expected software growth in 2026

By Brandon Evans
Publication Date: 2026-01-05 15:34:00

Ethan Miller/Getty Images News

IBM (IBM) was upgraded to Buy from Neutral by Jefferies as the financial firm believes IBM is slated to benefit from software growth in 2026.

Shares had edged up 2% during Monday morning market action.

“Macro environment is turning more