By Vardah Gill
Publication Date: 2026-05-18 21:18:00
International Business Machines Corporation (NYSE:IBM) is included among the 10 Best “Dogs of the Dow” Stocks to Buy for the Rest of 2026.
On May 7, RBC Capital Markets lowered its price recommendation on International Business Machines Corporation (NYSE:IBM) to $300 from $330. It reiterated an Outperform rating on the stock. The firm updated its model after attending IBM’s Think user conference, where management discussed the strategic outlook for the company’s core businesses, including hybrid cloud and AI, along with a growing focus on quantum computing. According to the analyst, the lower price target mainly reflects compression in peer valuation multiples.
During the company’s Q1 2026 earnings call, CFO James Kavanaugh reaffirmed IBM’s full-year guidance. He said the company’s strong start to the year increased confidence in delivering constant-currency revenue growth of more than 5%…
