IBM, also known as Big Blue, is nearing a fresh all-time high for the first time in more than a decade. The stock has quietly risen to a multi-year high valuation, with its price-earnings (P/E) ratio reflecting this growth. Analysts have noted that IBM's technical chart is one of the best in the tech sector, indicating a strong uptrend. Investors are looking at IBM as a stable tech winner, leading to a price-target hike for the stock as it approaches record territory.