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International Business Machines (IBM) Stock Forecast & Price Target

$222.70
+2.97 (+1.35%)
(As of 10/3/2024 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

Sell
3
Hold
8
Buy
6

Based on 17 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 17 analysts, 3 have given a sell rating, 8 have given a hold rating, and 6 have given a buy rating for IBM.

Consensus Price Target

$194.35
-12.73% Downside
According to the 17 analysts' twelve-month price targets for International Business Machines, the average price target is $194.35. The highest price target for IBM is $250.00, while the lowest price target for IBM is $143.00. The average price target represents a forecasted downside of -12.73% from the current price of $222.70.
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IBM Analyst Ratings Over Time

TypeCurrent Forecast
10/4/23 to 10/3/24
1 Month Ago
9/4/23 to 9/3/24
3 Months Ago
7/6/23 to 7/5/24
1 Year Ago
10/4/22 to 10/4/23
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)
6 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
Hold
8 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$194.35$184.93$182.53$146.67
Forecasted Upside-12.73% Downside-8.13% Downside3.72% Upside3.98% Upside
Consensus Rating
Hold
Hold
Hold
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.
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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
2.18
2.66
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside-12.74% Downside1,284.19% Upside7.73% Upside
News Sentiment Rating
Neutral News

See Recent IBM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/3/2024Bernstein Bank
0 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$185.00 ➝ $210.00-5.25%
10/2/2024DZ Bank
4 of 5 stars
 DowngradeBuy ➝ Hold$215.00-1.99%
9/30/2024The Goldman Sachs Group
2 of 5 stars
J. Schneider
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Boost TargetBuy ➝ Buy$220.00 ➝ $250.00+13.20%
9/11/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$215.00 ➝ $240.00+17.23%
9/4/2024UBS Group
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 Boost TargetSell ➝ Sell$130.00 ➝ $145.00-28.55%
7/26/2024Hsbc Global Res
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P. Kanumuri
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UpgradeModerate Sell
7/25/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$200.00 ➝ $211.00+7.76%
7/25/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$190.00 ➝ $210.00+8.57%
7/25/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$190.00 ➝ $200.00+3.40%
7/25/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$190.00 ➝ $205.00+7.27%
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%
4/25/2024Wedbush
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 Boost TargetNeutral ➝ Neutral$140.00 ➝ $160.00-13.05%
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%
1/5/2024Societe 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 Thursday at 09:35 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 Sunday, September 29, 2024. Please send any questions or comments about these International Business Machines pros and cons to contact@marketbeat.com.

International Business Machines
Bull Case

green Wall Street bull icon

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

  • International Business Machines Co. reported earnings per share (EPS) of $2.43 for the quarter, beating the consensus estimate by $0.27. This indicates strong financial performance and potential for growth.
  • With a return on equity of 40.59%, International Business Machines Co. shows efficient utilization of shareholder equity to generate profits.
  • The company's revenue was up 1.9% on a year-over-year basis, demonstrating steady growth in its top line.
  • International Business Machines Co. pays a quarterly dividend of $1.67 per share, with an annualized dividend yield of 3.07%. This can provide investors with a steady income stream.
  • Analysts have given International Business Machines Co. a consensus rating of "Hold" with a target price of $188.60, indicating potential upside based on current market evaluations.

International Business Machines
Bear Case

red Wall Street bear icon

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

  • International Business Machines Co. has a debt-to-equity ratio of 2.20, which may indicate higher financial leverage and potential risks associated with debt obligations.
  • While the company's dividend payout ratio is 75.65%, suggesting a commitment to rewarding shareholders, it also indicates a significant portion of earnings being distributed as dividends instead of reinvested for growth.
  • Despite positive financial performance, International Business Machines Co. has received mixed ratings from analysts, with some indicating a sell rating, which may reflect uncertainties in the market perception of the company.
  • The stock price of International Business Machines Co. has reached a 12-month high of $218.84, which could imply a potential near-term resistance level for further price appreciation.
  • International Business Machines Co. operates in a highly competitive technology sector, facing challenges from rapidly evolving market trends and disruptive innovations that could impact its market position.

IBM Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for International Business Machines is $194.35, with a high forecast of $250.00 and a low forecast of $143.00.

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for International Business Machines in the last year. There are currently 3 sell ratings, 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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.

According to analysts, International Business Machines's stock has a predicted downside of -12.73% based on their 12-month stock forecasts.

Over the previous 90 days, International Business Machines's stock had 1 upgrade and 1 downgrade by analysts.

International Business Machines has been rated by research analysts at Bernstein Bank, BMO Capital Markets, DZ Bank, Evercore ISI, Hsbc Global Res, Jefferies Financial Group, Royal Bank of Canada, Stifel Nicolaus, The Goldman Sachs Group, and UBS Group in the past 90 days.

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 10/3/2024 by MarketBeat.com Staff
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