International Business Machines (IBM) Stock Forecast & Price Target

$230.09 -7.66 (-3.22%)

Closing price 03:59 PM Eastern

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$230.11 +0.02 (+0.01%)

As of 07:59 PM Eastern

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International Business Machines - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 28 Analyst Ratings

Sell
1

Hold
10

Buy
17

Based on 28 Wall Street analysts who have issued ratings for International Business Machines in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 28 analysts, 1 has given a sell rating, 10 have given a hold rating, and 17 have given a buy rating for IBM.

Consensus Price Target

$265.16
15.24% Upside

According to the 28 analysts' twelve-month price targets for International Business Machines, the average price target is $265.16. The highest price target for IBM is $350.00, while the lowest price target for IBM is $175.00. The average price target represents a forecasted upside of 15.24% from the current price of $230.09.

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.

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IBM Analyst Ratings Over Time

Type	Current Forecast 9/18/25 to 9/18/26	1 Month Ago 8/19/25 to 8/19/26	3 Months Ago 6/20/25 to 6/20/26	1 Year Ago 9/18/24 to 9/18/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	17 Buy rating(s)	15 Buy rating(s)	15 Buy rating(s)	7 Buy rating(s)
Hold	10 Hold rating(s)	11 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$265.16	$265.40	$304.17	$275.00
Forecasted Upside	15.24% Upside	11.84% Upside	21.80% Upside	3.74% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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.

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.

International Business Machines Stock vs. The Competition

Type	International Business Machines	Technology Companies	Broader Market
Consensus Rating Score	2.57	2.23	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	15.36% Upside	714.40% Upside	18.36% Upside
News Sentiment Rating	Positive News See Recent IBM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/11/2026	Weiss Ratings 5 of 5 stars		Upgrade	Hold (C+) ➝ Buy (B-)
8/31/2026	Susquehanna 4 of 5 stars	James Friedman 1 of 5 stars	Boost Target	Neutral	$225.00 ➝ $235.00	+0.81%
8/19/2026	Craig Hallum 5 of 5 stars		Initiated Coverage	Buy
7/24/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Fatima Boolani Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$255.00 ➝ $245.00	+13.80%
7/23/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Keith Bachman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Market Perform	$270.00 ➝ $230.00	+11.74%
7/23/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$270.00	+33.77%
7/23/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Erik Woodring Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$293.00 ➝ $190.00	-7.78%
7/23/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Raimo Lenschow Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$288.00 ➝ $262.00	+27.17%
7/21/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rob Oliver Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Neutral	$230.00	+9.30%
7/21/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matthew Swanson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$270.00	+27.54%
Get the Latest News and Ratings for IBM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for International Business Machines and its competitors with MarketBeat's FREE daily newsletter.
7/21/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brent Thill Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$320.00 ➝ $260.00	+21.96%
7/20/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Grossman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$290.00 ➝ $235.00	+10.57%
7/17/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Essex Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$291.00 ➝ $250.00	+18.38%
7/16/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Abhishek Shukla Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Reduce	$175.00	-19.65%
7/16/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
7/16/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jim Kelleher Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$360.00 ➝ $280.00	+31.84%
7/15/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Param Singh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
7/6/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Wamsi Mohan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$315.00 ➝ $330.00	+14.21%
6/23/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Peer Perform
6/23/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Overweight
6/23/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Sector Weight
6/3/2026	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy
6/3/2026	Roth Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
6/2/2026	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Ives Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$350.00	+10.63%
4/24/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$295.00	+27.26%
2/25/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Vogt Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$236.00	+2.90%
2/18/2026	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/29/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Amit Daryanani Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$330.00 ➝ $345.00	+17.16%
1/19/2026	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Moderate Buy
7/7/2025	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ben Reitzes Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy
4/24/2025	KGI Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rob Chang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Hold	$242.00	+5.54%
10/3/2024	Bernstein Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Market Perform	$185.00 ➝ $210.00	-5.25%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 08:58 PM ET.

Should I Buy International Business Machines Stock? IBM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, September 17, 2026. Please send any questions or comments about these International Business Machines pros and cons to contact@marketbeat.com.

International Business Machines
Bull Case

Here are some ways that investors could benefit from investing in International Business Machines Co.:

International Business Machines Co. recently secured a $1 billion award from the U.S. Department of Commerce under the CHIPS and Science Act for its subsidiary Anderon, which will accelerate the development of a U.S.-based quantum wafer foundry in Albany, New York. This significant government backing strengthens the company's position in quantum infrastructure and provides a long-term strategic platform for growth in a high-demand technology sector.
The stock currently trades at $238.27, which is below the average analyst price target of $265.16. With a consensus rating of "Moderate Buy" from 17 analysts who have issued Buy ratings, the current valuation suggests potential upside for investors who believe in the company's long-term trajectory in hybrid cloud and AI solutions.
International Business Machines Co. offers a dividend yield of 2.71%, with a recent quarterly dividend payment of $1.69 per share. This provides a steady income stream for investors, supported by a payout ratio of 59.98%, which indicates the company is managing its cash flow to maintain shareholder returns while investing in growth.
Institutional investors continue to show confidence in the company, with National Pension Service increasing its stake by 2.8% in the second quarter and BlackRock Inc. establishing a new position valued at approximately $21.5 billion. This level of institutional ownership, which totals 58.96% of the company's stock, suggests strong fundamental support from major market players.
The company demonstrated strong earnings performance in the first quarter of 2026, reporting earnings per share of $4.52, which exceeded the consensus estimate of $4.33. This beat, combined with a 12.2% year-over-year revenue growth, highlights the company's ability to deliver above expectations in its core software and consulting segments.

International Business Machines
Bear Case

Investors should be bearish about investing in International Business Machines Co. for these reasons:

Recent quarterly results for the second quarter of 2026 showed revenue of $17.16 billion, which fell short of the consensus estimate of $17.46 billion. This revenue miss, despite earnings meeting expectations, raises concerns about the company's near-term growth momentum and its ability to expand its top line in a competitive market.
The stock is trading at $238.27, which is significantly below its 52-week high of $332.46. This decline suggests that investors are taking profits or losing confidence in the stock's recent performance, as technical indicators point to resistance near the $239–$241 area that has weakened the short-term breakout thesis.
Several prominent analysts have recently downgraded the stock, including KeyCorp and Wolfe Research, which lowered their ratings to "sector weight" and "peer perform" respectively in June 2026. Additionally, Barclays cut its price target from $288.00 to $262.00, reflecting a more cautious outlook on the company's valuation and growth prospects.
Insider selling activity has been notable, with Senior Vice President Robert Thomas selling 25,000 shares in August 2026 at an average price of $230.32. This transaction represented a 34.34% decrease in his ownership, which may signal that company executives are taking advantage of current price levels to reduce their personal exposure to the stock.
The company's debt-to-equity ratio stands at 1.63, indicating a relatively high level of leverage compared to its equity base. While this is common in capital-intensive industries, it may limit the company's financial flexibility to invest in new technologies or respond to market downturns without incurring additional debt.

IBM Forecast - Frequently Asked Questions

According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for International Business Machines is $265.16, with a high forecast of $350.00 and a low forecast of $175.00.

28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for International Business Machines in the last twelve months. There is currently 1 sell rating, 10 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" IBM shares.

According to analysts, International Business Machines's stock has a predicted upside of 15.24% based on their 12-month stock forecasts.

Over the previous 90 days, International Business Machines's stock had 5 upgrades and 5 downgrades by analysts.

International Business Machines has been rated by research analysts at Argus, Bank of America, Barclays, BMO Capital Markets, Citigroup, Craig Hallum, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank Of Canada, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Weiss Ratings, and Wolfe Research in the past 90 days.

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

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MarketBeat monitors more than a dozen sources for International Business Machines analyst ratings, with the most recent rating issued on 9/11/2026.

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International Business Machines (IBM) Stock Forecast & Price Target

International Business Machines - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

IBM Analyst Ratings Over Time

IBM Analyst Recommendations By Month

IBM Price Targets by Month

International Business Machines Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy International Business Machines Stock? IBM Pros and Cons Explained

International Business Machines
Bull Case

International Business Machines
Bear Case

IBM Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

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Brokerages With International Business Machines Recommendations

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International Business Machines (IBM) Stock Forecast & Price Target

International Business Machines - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

IBM Analyst Ratings Over Time

IBM Analyst Recommendations By Month

IBM Price Targets by Month

International Business Machines Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy International Business Machines Stock? IBM Pros and Cons Explained

International Business Machines Bull Case

International Business Machines Bear Case

IBM Forecast - Frequently Asked Questions

What is International Business Machines' forecast for 2026?

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

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

Has International Business Machines been upgraded or downgraded by Wall Street analysts recently?

What analysts cover International Business Machines?

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

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With International Business Machines Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

International Business Machines
Bull Case

International Business Machines
Bear Case