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International Business Machines (IBM) Stock Forecast & Price Target

$185.17
+1.02 (+0.55%)
(As of 02:40 PM ET)

International Business Machines - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 15 Wall Street analysts who have issued ratings for International Business Machines in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 3 have given a sell rating, 6 have given a hold rating, and 6 have given a buy rating for IBM.

Consensus Price Target

$182.53
-1.42% Downside
High Forecast$220.00
Average Forecast$182.53
Low Forecast$130.00

According to the 15 analysts' twelve-month price targets for International Business Machines, the average price target is $182.53. The highest price target for IBM is $220.00, while the lowest price target for IBM is $130.00. The average price target represents a forecasted downside of -1.42% from the current price of $185.17.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
3 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$182.53$181.29$177.23$141.75
Forecasted Upside-1.42% Downside3.67% Upside2.54% Upside5.84% Upside
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IBM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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IBM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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International Business Machines Stock vs. The Competition

TypeInternational Business MachinesComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.20
2.61
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-0.88% Downside119.42% Upside9.24% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/24/2024The Goldman Sachs Group
2 of 5 stars
J. Schneider
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Initiated CoverageBuy$200.00+15.97%
5/22/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$200.00+15.47%
5/16/2024Stifel Nicolaus
4 of 5 stars
 Reiterated RatingBuy ➝ Buy$190.00 ➝ $190.00+12.43%
5/2/2024BNP Paribas
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 Initiated CoverageUnderperform$145.00-11.78%
4/26/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$186.00 ➝ $179.00+6.90%
4/25/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$190.00 ➝ $185.00+9.83%
4/25/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$210.00 ➝ $190.00+13.27%
4/25/2024Wedbush
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 Boost TargetNeutral ➝ Neutral$140.00 ➝ $160.00-13.05%
4/23/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$215.00 ➝ $210.00+14.09%
4/22/2024UBS Group
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 Boost TargetSell ➝ Sell$125.00 ➝ $130.00-28.84%
3/14/2024Bank of America
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 Boost TargetBuy ➝ Buy$200.00 ➝ $220.00+14.27%
3/7/2024Sanford C. Bernstein
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 Boost TargetMarket Perform ➝ Market Perform$165.00 ➝ $186.00-5.18%
1/19/2024Evercore
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 UpgradeIn-Line ➝ Outperform$165.00 ➝ $200.00+17.01%
1/19/2024Evercore ISI
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 UpgradeIn-Line ➝ Outperform$165.00 ➝ $200.00+19.88%
1/5/2024Societe Generale
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 Reiterated RatingHold ➝ Sell$143.00-11.10%
4/13/2023Credit Suisse Group
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 Lower TargetOutperform$165.00 ➝ $162.00+26.03%
2/6/2023Edward Jones
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 DowngradeBuy ➝ Hold
1/26/2023Citigroup
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 Boost TargetNeutral$140.00 ➝ $145.00+3.01%
1/24/2023Moffett Nathanson
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 UpgradeUnderperform ➝ Market Perform$140.00+4.13%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:58 PM ET.

IBM Forecast - Frequently Asked Questions

What is International Business Machines' forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for International Business Machines is $182.53, with a high forecast of $220.00 and a low forecast of $130.00.

Should I buy or sell International Business Machines stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for International Business Machines in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" IBM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IBM, but not buy additional shares or sell existing shares.

Does International Business Machines's stock price have much upside?

According to analysts, International Business Machines's stock has a predicted upside of 4.47% based on their 12-month stock forecasts.

What analysts cover International Business Machines?

International Business Machines has been rated by research analysts at BMO Capital Markets, BNP Paribas, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Canada, Stifel Nicolaus, The Goldman Sachs Group, and Wedbush in the past 90 days.

Do Wall Street analysts like International Business Machines more than its competitors?

Analysts like International Business Machines less than other "computer and technology" companies. The consensus rating for International Business Machines is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how IBM compares to other companies.


This page (NYSE:IBM) was last updated on 7/23/2024 by MarketBeat.com Staff

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