美银:IBM(IBM.US)收购Confluent(CFLT.US)深度契合AI与云战略布局 软件业务增速或提2%

智通财经
Dec 09, 2025

智通财经APP获悉,美国银行周一表示,IBM(IBM.US)拟以每股31美元的价格收购Confluent(CFLT.US)的交易,与这家科技巨头现有的云及人工智能(AI)战略高度契合。

美银分析师Wamsi Mohan在一份客户报告中指出:“我们认为此项收购与IBM的AI战略方向一致。Confluent作为一款基于Apache Kafka构建的实时数据流平台,对于布局生成式AI、实时应用及现代化工作负载的企业客户而言,具有关键的战略价值。”

Mohan进一步分析称:“Confluent的技术能够补强IBM的AI产品矩阵,助力仍在使用传统中间件工具的客户完成技术架构现代化升级。若交易能按预期在2026年年中完成,预计Confluent在2026至2027年间将为IBM贡献约6亿美元的营收,推动其软件业务增速提升2个百分点左右。”

目前,Mohan对IBM评级为“买入”,目标价定为315美元。他补充道,此次收购还将在多个业务线产生协同效应:在RedHat业务板块,可赋能容器化应用;在大型机领域,能强化实时流处理能力;同时还将提升Instana和Turbonomic两款产品的商业价值,并进一步夯实Kafka与Watson.x的数据生态优势。

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