International Business Machines (NYSE:IBM) Trading 2.1% Higher After Analyst Upgrade

Shares of International Business Machines Corporation (NYSE:IBM) traded up 2.1% during trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $290.00 to $312.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. International Business Machines traded as high as $297.67 and last traded at $297.5090. 5,157,603 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 4,433,935 shares. The stock had previously closed at $291.35.

A number of other brokerages also recently weighed in on IBM. UBS Group reaffirmed a “sell” rating on shares of International Business Machines in a report on Tuesday, December 9th. Evercore ISI raised their target price on International Business Machines from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Tuesday. Stifel Nicolaus lifted their price target on International Business Machines from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings upgraded International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Finally, Jefferies Financial Group upgraded International Business Machines from a “hold” rating to a “buy” rating and lifted their target price for the company from $300.00 to $360.00 in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Moderate Buy” and an average price target of $306.86.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Researchers at IBM (with Ansys and DARPA support) unveiled a new machine‑learning model aimed at optimizing next‑generation chip design — a potential long‑term differentiator for IBM’s hardware and AI stack. Why IBM’s New Machine-Learning Model Is a Big Deal for Next-Generation Chips
• Positive Sentiment: Jefferies expects IBM’s software growth to reaccelerate in 2026 and reiterated a Buy rating — a catalyst for upside if Q4 results show durable software momentum. IBM software growth seen reaccelerating ahead of earnings: Jefferies
• Positive Sentiment: Analysts highlight consulting and WatsonX-driven software tailwinds (including benefits from the Confluent deal and Microsoft partnership) that could lift Q4 revenue and margins. Will Healthy Consulting Revenue Growth Benefit IBM’s Q4 Earnings?
• Positive Sentiment: Evercore raised its price target to $330 and added IBM to a tactical outperform list, signaling continued analyst confidence that could support the stock on a strong print. Evercore ISI raises IBM price target to $330
• Neutral Sentiment: Pre‑earnings pieces advise investors to weigh IBM’s AI/cloud momentum against its premium valuation — guidance and execution on Jan. 28 will likely drive the next meaningful move. Should You ‘Buy’ or ‘Sell’ IBM Stock Ahead of Q4 Earnings?
• Neutral Sentiment: JPMorgan raised its price target to $312 but kept a neutral rating — an acknowledgement of upside but also of limited near‑term conviction from a major bank. JPMorgan raises price target to $312
• Neutral Sentiment: Multiple outlets are flagging Jan. 28 as the key event (earnings/guidance) that will re‑rate IBM; calendar risk is keeping some traders on the sidelines. Dear IBM Stock Fans, Mark Your Calendars for January 28
• Negative Sentiment: Despite analyst target raises, the stock has pulled back as some investors lock in gains ahead of earnings — coverage pieces note the slide and short‑term volatility. IBM Stock: Slides Even as Analysts Raise Targets Ahead of Earnings
• Negative Sentiment: Analysts warn that IBM’s premium valuation and stiff competition in AI/cloud could cap upside if growth or guidance disappoints — a reminder that beat/miss on Jan. 28 matters a lot. IBM Q4 Earnings Loom: Buy, Sell or Hold the Stock Ahead of Results?

Institutional Trading of International Business Machines

Several hedge funds and other institutional investors have recently made changes to their positions in IBM. Family CFO Inc acquired a new position in International Business Machines in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC acquired a new stake in International Business Machines in the second quarter valued at $27,000. Mountain Hill Investment Partners Corp. acquired a new position in International Business Machines during the 3rd quarter worth about $28,000. SWAN Capital LLC bought a new stake in shares of International Business Machines in the 3rd quarter valued at about $28,000. Finally, Highline Wealth Partners LLC increased its stake in shares of International Business Machines by 85.0% in the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after buying an additional 51 shares during the period. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 1.0%

The stock has a 50-day moving average price of $302.39 and a 200-day moving average price of $282.69. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company has a market capitalization of $275.38 billion, a P/E ratio of 35.24, a P/E/G ratio of 2.88 and a beta of 0.70.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period in the prior year, the business posted $2.30 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.