IBM Downgraded on Disappointing Pre-announcement

Dow Jones

Jul 16

1252 ET - Oppenheimer downgrades IBM to perform and removes its $350 price target following the company's announcement that its software and infrastructure segments missed estimates in 2Q which sent the shares down 25% yesterday. Oppenheimer's analysts were previously bullish on IBM, anticipating a sticky software business and "no surprises" in the second-quarter print. But Tuesday's disappointing preliminary results mean that "the bull thesis will take longer to materialize," analysts write. "We believe it will be difficult for IBM to get 'double-digit' CC growth in software for CY26/27 without additional large acquisitions or a material catch-up in large deals that slipped during 2Q." (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

July 15, 2026 12:52 ET (16:52 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2651146749"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2651146749\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2651146749?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-16 00:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2651146749","market":"fut","top_or_hot":-1,"title":"IBM Downgraded on Disappointing Pre-announcement","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1252 ET - Oppenheimer downgrades <a href=\"https://laohu8.com/S/IBM\">IBM</a> to perform and removes its $350 price target following the company's announcement that its software and infrastructure segments missed estimates in 2Q which sent the shares down 25% yesterday. Oppenheimer's analysts were previously bullish on IBM, anticipating a sticky software business and \"no surprises\" in the second-quarter print. But Tuesday's disappointing preliminary results mean that \"the bull thesis will take longer to materialize,\" analysts write. \"We believe it will be difficult for IBM to get 'double-digit' CC growth in software for CY26/27 without additional large acquisitions or a material catch-up in large deals that slipped during 2Q.\" (elias.schisgall@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2026 12:52 ET (16:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IBM Downgraded on Disappointing Pre-announcement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIBM Downgraded on Disappointing Pre-announcement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-16 00:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1252 ET - Oppenheimer downgrades <a href=\"https://laohu8.com/S/IBM\">IBM</a> to perform and removes its $350 price target following the company's announcement that its software and infrastructure segments missed estimates in 2Q which sent the shares down 25% yesterday. Oppenheimer's analysts were previously bullish on IBM, anticipating a sticky software business and \"no surprises\" in the second-quarter print. But Tuesday's disappointing preliminary results mean that \"the bull thesis will take longer to materialize,\" analysts write. \"We believe it will be difficult for IBM to get 'double-digit' CC growth in software for CY26/27 without additional large acquisitions or a material catch-up in large deals that slipped during 2Q.\" (elias.schisgall@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2026 12:52 ET (16:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IBM","symbol_name":"IBM","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651146749","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651146749","pubTimestamp":1784134320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1252 ET - Oppenheimer downgrades IBM to perform and removes its $350 price target following the company's announcement that its software and infrastructure segments missed estimates in 2Q which sent the shares down 25% yesterday. Oppenheimer's analysts were previously bullish on IBM, anticipating a sticky software business and \"no surprises\" in the second-quarter print. But Tuesday's disappointing preliminary results mean that \"the bull thesis will take longer to materialize,\" analysts write. \"We believe it will be difficult for IBM to get 'double-digit' CC growth in software for CY26/27 without additional large acquisitions or a material catch-up in large deals that slipped during 2Q.\"  Dow Jones NewswiresJuly 15, 2026 12:52 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"IBM":"IBM"},"translate_title":"IBM 因令人失望的预公告而被下调评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBM":1.5},"content_text":"1252 ET - Oppenheimer downgrades IBM to perform and removes its $350 price target following the company's announcement that its software and infrastructure segments missed estimates in 2Q which sent the shares down 25% yesterday. Oppenheimer's analysts were previously bullish on IBM, anticipating a sticky software business and \"no surprises\" in the second-quarter print. But Tuesday's disappointing preliminary results mean that \"the bull thesis will take longer to materialize,\" analysts write. \"We believe it will be difficult for IBM to get 'double-digit' CC growth in software for CY26/27 without additional large acquisitions or a material catch-up in large deals that slipped during 2Q.\" (elias.schisgall@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 15, 2026 12:52 ET (16:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}