Flickr/IBM/ibmphoto24 IBM's stock is trading below the S&P 500 on a price-earnings basis, and the company could see its valuation rise according to Barron's. IBM is projected by some Wall Street analysts to return to growth in the current quarter. The company is expected to give its 2018 outlook in January. IBM could be the next blue-chip company with a rising valuation, according to a report in financial publication Barron's. Some analysts expect IBM to return to growth this quarter, Barron's said in its Nov.