INTL BUSINESS MACHINES CORP (IBM) Forecast, Price Target & Analyst Ratings

NYSE:IBM • US4592001014

Current stock price

231.98 USD
+0.9 (+0.39%)
At close:
231.2 USD
-0.78 (-0.34%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for INTL BUSINESS MACHINES CORP (IBM).

Forecast Snapshot

Consensus Price Target

Price Target
$308.55
+ 33.01% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jul 22, 2026
Period
Q2 / 2026
EPS Estimate
$3.06
Revenue Estimate
17.89B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
74.07%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$308.55
Upside
+ 33.01%
From current price of $231.98 to mean target of $308.55, Based on 27 analyst forecasts
Low
$220.18
Median
$300.90
High
$399.00

Price Target Revisions

1 Month
-3.68%
3 Months
3.01%

Price Target Summary

27 Wall Street analysts provided a forecast for the next 12 months for IBM. The average price target is 308.55 USD. This implies a price increase of 33.01% is expected in the next year compared to the current price of 231.98.
The average price target has been revised upward by 3.01% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

IBM Current Analyst RatingIBM Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

IBM Historical Analyst RatingsIBM Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20 25

Analyst Ratings Consensus

ChartMill Buy Consensus
74.07%
IBM was analyzed by 27 analysts. The buy percentage consensus is at 74. So analysts seem to be have mildly positive about IBM.
In the previous month the buy percentage consensus was at a similar level.
IBM was analyzed by 27 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-23BMO CapitalMaintains Market Perform -> Market Perform
2026-04-23WedbushMaintains Outperform -> Outperform
2026-04-23Evercore ISI GroupMaintains Outperform -> Outperform
2026-04-23Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2026-04-20JefferiesMaintains Buy -> Buy
2026-04-17RBC CapitalMaintains Outperform -> Outperform
2026-04-17WedbushReiterate Outperform -> Outperform
2026-04-16OppenheimerMaintains Outperform -> Outperform
2026-04-08StifelMaintains Buy -> Buy
2026-03-19BMO CapitalMaintains Market Perform -> Market Perform
2026-03-18JP MorganMaintains Neutral -> Neutral
2026-02-25UBSUpgrade Sell -> Neutral
2026-02-25WedbushReiterate Outperform -> Outperform
2026-02-25Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2026-01-29UBSMaintains Sell -> Sell
2026-01-29RBC CapitalMaintains Outperform -> Outperform
2026-01-29StifelMaintains Buy -> Buy
2026-01-29WedbushMaintains Outperform -> Outperform
2026-01-29Evercore ISI GroupMaintains Outperform -> Outperform
2026-01-29JP MorganMaintains Neutral -> Neutral
2026-01-29JefferiesMaintains Buy -> Buy
2026-01-21JP MorganMaintains Neutral -> Neutral
2026-01-20Evercore ISI GroupMaintains Outperform -> Outperform
2026-01-13B of A SecuritiesMaintains Buy -> Buy
2026-01-05RBC CapitalMaintains Outperform -> Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jul 22, 2026
Period
Q2 / 2026
EPS Estimate
$3.06
Revenue Estimate
17.89B
Revenue Q2Q
5.38%
EPS Q2Q
9.36%
Number of Analysts
17

Next Earnings Revisions

Revenue (1 Month)
0.13%
Revenue (3 Months)
0.06%
EPS (1 Month)
-0.46%
EPS (3 Months)
-0.05%

Next Earnings Summary

IBM is expected to report earnings on 7/22/2026. The consensus EPS estimate for the next earnings is 3.06 USD and the consensus revenue estimate is 17.89B USD.
The next earnings revenue estimate has been revised upward by 0.06% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
IBM revenue by date.IBM revenue by date.
61.86B
2.20%		62.753B
1.44%		67.535B
7.62%		71.855B
6.40%		75.16B
4.60%		79.529B
5.81%		83.413B
4.88%		87.927B
5.41%		96.071B
9.26%		101.615B
5.77%		107.358B
5.65%
EBITDA
YoY % growth
IBM ebitda by date.IBM ebitda by date.
13.187B
10.41%		13.711B
3.97%		16.237B
18.42%		20.559B
26.62%		21.936B
6.70%		22.894B
4.37%		26.973B
17.82%		28.935B
7.27%		32.95B
13.88%		35.027B
6.30%		37.674B
7.56%
EBIT
YoY % growth
IBM ebit by date.IBM ebit by date.
8.791B
23.09%		9.044B
2.88%		11.216B
24.02%		15.387B
37.19%		16.467B
7.02%		18.026B
9.47%		14.931B
-17.17%		15.813B
5.91%		17.445B
10.32%		19.048B
9.19%		20.85B
9.46%
Operating Margin
IBM operating margin by date.IBM operating margin by date.
14.21%14.41%16.61%21.41%21.91%22.67%17.90%17.98%18.16%18.75%19.42%
EPS
YoY % growth
IBM eps by date.IBM eps by date.
9.61
5.37%		10.33
7.49%		11.57
12.00%		12.51
8.16%		13.54
8.23%		14.89
9.94%		14.74
-1.03%		15.70
6.51%		22.84
45.50%		24.58
7.65%		26.60
8.22%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		3.06
9.36%		2.91
9.90%		4.70
3.97%		2.03
6.26%		3.23
5.53%		3.17
8.69%		4.98
5.99%		1.96
-3.46%		3.31
2.52%		3.11
-1.73%		5.47
9.91%
Revenue
Q2Q % growth		17.89B
5.38%		17.313B
6.01%		20.848B
5.90%		16.578B
4.15%		18.703B
4.54%		18.072B
4.38%		21.828B
4.70%		16.715B
0.83%		18.895B
1.03%		18.318B
1.36%		22.09B
1.20%
EBITDA
Q2Q % growth		5.009B
-3.64%		4.913B
-21.44%		6.957B
-27.07%		3.744B
42.36%		5.224B
4.29%		5.111B
4.03%		7.457B
7.19%		3.589B
-4.14%		5.105B
-2.28%		4.851B
-5.09%		7.55B
1.25%
EBIT
Q2Q % growth		3.76B
36.43%		3.56B
40.77%		5.706B
26.29%		2.469B
82.08%		3.921B
4.28%		3.706B
4.10%		6.056B
6.13%		2.727B
10.45%		4.276B
9.05%		4.052B
9.34%		6.78B
11.96%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

IBM Yearly Revenue VS EstimatesIBM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B 100B
IBM Yearly EPS VS EstimatesIBM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15 20 25

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
8.77%
EPS Next 5 Year
6.29%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
5.51%
Revenue Next 5 Year
5.36%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
18.78%
EBIT Next 5 Year
16.19%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

INTL BUSINESS MACHINES CORP / IBM Forecast FAQ

What is the price target for IBM stock?

27 analysts have analysed IBM and the average price target is 308.55 USD. This implies a price increase of 33.01% is expected in the next year compared to the current price of 231.98.

When does INTL BUSINESS MACHINES CORP (IBM) report earnings?

INTL BUSINESS MACHINES CORP (IBM) will report earnings on 2026-07-22, after the market close.

Can you provide the consensus estimates for INTL BUSINESS MACHINES CORP next earnings?

The consensus EPS estimate for the next earnings of INTL BUSINESS MACHINES CORP (IBM) is 3.06 USD and the consensus revenue estimate is 17.89B USD.

What is the consensus rating for IBM stock?

The consensus rating for INTL BUSINESS MACHINES CORP (IBM) is 74.0741 / 100 . This indicates that analysts generally have a positive outlook on the stock.