International Business Machines (IBM) Stock Forecast & Price Target

$232.58 -1.54 (-0.66%)

Closing price 10/16/2026 03:59 PM Eastern

Extended Trading

$231.21 -1.37 (-0.59%)

As of 10/16/2026 07:58 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 33 Analyst Ratings

Sell
2

Hold
12

Buy
19

Based on 33 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 33 analysts, 2 have given a sell rating, 12 have given a hold rating, and 19 have given a buy rating for IBM.

Consensus Price Target

$254.96
9.62% Upside

According to the 33 analysts' twelve-month price targets for International Business Machines, the average price target is $254.96. The highest price target for IBM is $350.00, while the lowest price target for IBM is $174.00. The average price target represents a forecasted upside of 9.62% from the current price of $232.58.

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 10/18/25 to 10/18/26	1 Month Ago 9/18/25 to 9/18/26	3 Months Ago 7/20/25 to 7/20/26	1 Year Ago 10/18/24 to 10/18/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	19 Buy rating(s)	19 Buy rating(s)	15 Buy rating(s)	7 Buy rating(s)
Hold	12 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$254.96	$253.52	$280.11	$286.38
Forecasted Upside	9.62% Upside	10.18% Upside	31.40% Upside	1.93% Upside
Consensus Rating	Moderate Buy	Moderate Buy	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.

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	2.52	2.23	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	9.62% Upside	731.83% Upside	18.02% Upside
News Sentiment Rating	Positive News See Recent IBM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/15/2026	Morgan Stanley 3 of 5 stars	Erik Woodring 5 of 5 stars	Boost Target	Equal Weight	$190.00 ➝ $238.00	+2.29%
10/14/2026	Weiss Ratings 3 of 5 stars		Upgrade	Hold (C+) ➝ Buy (B-)
10/13/2026	UBS Group 4 of 5 stars		Reiterated Rating	Neutral
10/13/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Matthew Swanson Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform	$270.00	+16.29%
10/9/2026	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Arvind Ramnani Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Hold	$240.00	+5.87%
8/31/2026	Susquehanna Subscribe to MarketBeat All Access to unlock brokerage rankings	James Friedman Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$225.00 ➝ $235.00	+0.81%
8/19/2026	Craig Hallum Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Buy
7/29/2026	Citic Securities Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$294.00 ➝ $297.00	+33.74%
7/29/2026	Daiwa Securities Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Neutral	$247.00 ➝ $217.00	-2.28%
7/24/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings	Abhishek Shukla Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target		$175.00 ➝ $174.00	-21.65%
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7/24/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Fatima Boolani Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$255.00 ➝ $245.00	+13.80%
7/23/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Keith Bachman Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Market Perform	$270.00 ➝ $230.00	+11.74%
7/23/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target	Buy	$335.00 ➝ $270.00	+33.77%
7/23/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Raimo Lenschow Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$288.00 ➝ $262.00	+27.17%
7/23/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Market Perform	$280.00 ➝ $230.00	+3.57%
7/21/2026	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings	Rob Oliver Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Neutral	$230.00	+9.30%
7/21/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Brent Thill Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$320.00 ➝ $260.00	+21.96%
7/20/2026	Stifel Nicolaus Subscribe to MarketBeat All Access to unlock brokerage rankings	David Grossman Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$290.00 ➝ $235.00	+10.57%
7/17/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Brian Essex Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$291.00 ➝ $250.00	+18.38%
7/16/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Outperform	$310.00 ➝ $250.00	+12.52%
7/16/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	Jim Kelleher Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$360.00 ➝ $280.00	+31.84%
7/15/2026	Oppenheimer Subscribe to MarketBeat All Access to unlock brokerage rankings	Param Singh Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Outperform ➝ Market Perform
7/15/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Wamsi Mohan Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$330.00 ➝ $280.00	+26.02%
6/23/2026	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Peer Perform
6/23/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Overweight
6/23/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Sector Weight
6/3/2026	Needham & Company LLC Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Buy
6/3/2026	Roth Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
6/2/2026	Wedbush Subscribe to MarketBeat All Access to unlock brokerage rankings	Daniel Ives Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target	Outperform	$320.00 ➝ $350.00	+10.63%
4/27/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Underperform	$245.00 ➝ $195.00	-12.24%
4/24/2026	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy	$295.00	+27.26%
2/18/2026	Erste Group Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold
1/19/2026	Dbs Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Moderate Buy
7/7/2025	Melius Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Ben Reitzes Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Strong-Buy
4/24/2025	KGI Securities Subscribe to MarketBeat All Access to unlock brokerage rankings	Rob Chang Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target	Hold	$242.00	+5.54%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:53 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, October 15, 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. shares are currently trading at $234.04, a level that sits below the consensus price target of $253.52 established by analysts as of October 6, 2026, suggesting potential for capital appreciation as the stock recovers from its recent dip.
The company maintains a strong dividend profile with a yield of 2.93%, having paid a quarterly dividend of $1.69 per share in September 2026, which provides a steady income stream for investors while the company continues to raise its payout annually.
Strategic partnerships are driving innovation, such as the recent collaboration with Siemens to advance IBM's nanostack transistor architecture, which leverages electronic-design automation and simulation expertise to accelerate semiconductor development and future commercialization.
Bank of America expects International Business Machines Co. to modestly exceed third-quarter earnings expectations while maintaining its 2026 outlook, citing higher-margin software growth, improving profitability, and strong free cash flow as key drivers of value.
The stock exhibits lower volatility than the broader market with a beta of 0.73, making it a potentially stable holding for investors seeking exposure to the technology sector with reduced sensitivity to market swings.

International Business Machines
Bear Case

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

Recent earnings have shown mixed results, with the company reporting $2.93 EPS in the quarter ended July 22, 2026, which met consensus estimates but came with revenue of $17.16 billion that fell short of the $17.46 billion expected by analysts, indicating potential pressure on top-line growth.
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, representing a 34.34% decrease in his personal ownership stake, which may signal reduced confidence from company leadership.
Investors remain focused on whether the company's upcoming results can justify its premium valuation amid intense competition, margin pressure, and uncertain growth in AI and hybrid-cloud sectors, creating uncertainty around future earnings sustainability.
While International Business Machines Co. reported $7.77 billion in first-half operating cash flow, much of the improvement came from financing-receivable movements rather than core business growth, raising questions about the long-term sustainability of its cash flow generation.
The company's debt-to-equity ratio stands at 1.63, indicating a relatively high level of leverage that could constrain financial flexibility and increase risk if interest rates remain elevated or economic conditions deteriorate.

IBM Forecast - Frequently Asked Questions

According to the research reports of 33 Wall Street equities research analysts, the average twelve-month stock price forecast for International Business Machines is $254.96, with a high forecast of $350.00 and a low forecast of $174.00.

33 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for International Business Machines in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 19 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 9.62% based on their 12-month stock forecasts.

Over the previous 90 days, International Business Machines's stock had 3 upgrades and 1 downgrade by analysts.

International Business Machines has been rated by research analysts at Barclays, BMO Capital Markets, Citic Securities, Citigroup, Craig Hallum, Daiwa Securities Group, HSBC, Jefferies Financial Group, Morgan Stanley, Robert W. Baird, Royal Bank Of Canada, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Truist Financial, UBS Group, and Weiss Ratings 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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Brokerages With International Business Machines Recommendations

MarketBeat monitors more than a dozen sources for International Business Machines analyst ratings, with the most recent rating issued on 10/15/2026.

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International Business Machines (IBM) Stock Forecast & Price Target