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IBM Gains 23% in a Year: Should You Bet on the Stock Now?

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Key Takeaways

  • IBM gained 23.1% in a year, outpacing industry growth but lagging Microsoft and Amazon.
  • Collaboration with NVIDIA expands IBM Fusion, watsonx integrations and agentic AI capabilities.
  • Neudesic renewed Microsoft Cloud Security certification, boosting IBM's hybrid cloud security reach.

International Business Machines Corporation (IBM - Free Report) has risen 23.1% over the past year compared with the industry’s growth of 17.3%, courtesy of a strong demand for hybrid cloud and artificial intelligence (AI) products. The stock has, however, lagged peers like Microsoft Corporation (MSFT - Free Report) and Amazon.com, Inc. (AMZN - Free Report) . While Microsoft has gained 23.4%, Amazon has rallied 29.6% over this period, with the rising adoption of enterprise capabilities of Azure OpenAI and Amazon Web Services.

1-Year IBM Stock Price Performance

 

Zacks Investment Research
Image Source: Zacks Investment Research

 

IBM Rides on Hybrid Cloud, AI Demand

International Business Machines is poised to benefit from healthy demand trends for hybrid cloud and AI, which drive the Software and Consulting segments. The company’s growth is expected to be aided by analytics, cloud computing and security in the long run. A combination of a better business mix, improving operating leverage through productivity gains and increased investment in growth opportunities will likely boost profitability.

IBM has extended its collaboration with NVIDIA Corporation (NVDA - Free Report) to scale AI workloads and agentic AI applications. Per the latest agreement, IBM aims to launch a content-aware storage (CAS) capability for its hybrid cloud infrastructure offering (dubbed IBM Fusion) and expand its watsonx integrations with NVIDIA, while introducing the latest IBM Consulting capabilities. 

Together, the companies will help clients transform and govern end-to-end business processes with agentic AI and monetize AI for real business outcomes. In addition, the collaboration with NVIDIA will help manage compute-intensive AI workloads across an optimized network fabric to overcome operational silos with an intelligent, scalable system that drives near real-time inference for responsive AI reasoning.

The CAS capability will enable firms to extract the hidden meaning of unstructured data for inferencing to scale and enhance AI applications without compromising on security. The integration of watsonx with NVIDIA Inference Microservices will offer greater accessibility to firms to leading AI models across multiple cloud environments.

watsonx: IBM’s Core Technology Pillar

International Business Machines’ watsonx is likely to be the core technology platform for its AI capabilities. watsonx delivers the value of foundational models to the enterprise, enabling them to be more productive. This enterprise-ready AI and data platform comprises three products to help organizations accelerate and scale AI.

The products are the watsonx.ai studio for new foundation models, generative AI and machine learning, the watsonx.data fit-for-purpose data store built on an open lake house architecture, and the watsonx.governance toolkit to help enable AI workflows to be built with responsibility and transparency.

IBM Boosts Cloud Security Capabilities

Neudesic, a subsidiary of IBM, has renewed its Cloud Security Specialization with Microsoft to continue delivering enterprise-grade security solutions across hybrid and multi-cloud environments. The Microsoft certification validates Neudesic's ability to help clients protect critical infrastructure and data across Azure and on-premises systems by deploying Microsoft-native security capabilities.

The renewal further underscores Neudesic’s deep integration with the Microsoft ecosystem, leveraging the latter’s Zero Trust model to offer customized solutions that meet the highest standards for performance, governance and compliance.

Neudesic’s Microsoft certification provides clients with the confidence of working with a trusted advisor who will help reduce risks, improve resiliency, and implement scalable security strategies across Azure and hybrid environments. This, in turn, will enable Neudesic to strengthen its leadership position in cloud security, likely translating to incremental revenues for its parent firm, International Business Machines.

Estimate Revision Trend of IBM

IBM is currently witnessing an uptrend in estimate revisions. Earnings estimates for 2025 have jumped 5.8% to $11.12 over the past year, while the same for 2026 has increased 6.6% to $11.93. The positive estimate revision portrays bullish sentiments about the stock’s growth potential.

 

Zacks Investment Research
Image Source: Zacks Investment Research

 

Key Valuation Metric

From a valuation standpoint, IBM appears to be trading cheaply relative to the industry but is trading well above its mean. Going by the price/sales ratio, shares of International Business Machines currently trade at 3.25 forward sales, lower than 3.73 for the industry but higher than the stock’s mean of 1.99. 

 

Zacks Investment Research
Image Source: Zacks Investment Research

 

End Note

With solid fundamentals and healthy revenue-generating potential, driven by robust demand trends, IBM appears to be a solid investment proposition. Further, a strong emphasis on hybrid cloud, diligent execution of operational plans and AI focus are driving more value for customers. 

Moreover, with improving earnings estimates, the stock is witnessing a positive investor perception at the moment. The stock is also trading at a relatively cheaper rate than the industry. 

International Business Machines delivered a trailing four-quarter average earnings surprise of 6.3% on average. IBM currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Riding on a robust earnings surprise history and favorable Zacks Rank, it appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock.

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