International Business Machines (NYSE:IBM) Given New $330.00 Price Target at Bank of America

International Business Machines (NYSE:IBM) had its price objective hoisted by Bank of America from $315.00 to $330.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

IBM has been the topic of several other reports. DZ Bank raised International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price on the stock in a report on Friday, April 24th. Wolfe Research lowered International Business Machines to a “peer perform” rating in a research report on Tuesday, June 23rd. Susquehanna initiated coverage on shares of International Business Machines in a report on Tuesday, June 23rd. They set a “neutral” rating for the company. Morgan Stanley upgraded shares of International Business Machines from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 23rd. Finally, Oppenheimer lowered their price target on shares of International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $306.47.

International Business Machines Trading Up 0.8%

Shares of International Business Machines stock opened at $302.04 on Monday. The stock has a market cap of $283.88 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The firm has a fifty day moving average price of $256.99 and a 200 day moving average price of $266.06. International Business Machines has a 1 year low of $212.34 and a 1 year high of $332.46. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.60 earnings per share. Equities research analysts predict that International Business Machines will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is currently 59.77%.

Institutional Investors Weigh In On International Business Machines

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in International Business Machines by 10.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after buying an additional 186 shares in the last quarter. Jump Financial LLC acquired a new stake in International Business Machines in the 2nd quarter worth about $211,000. Ieq Capital LLC boosted its holdings in International Business Machines by 2.2% in the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock worth $11,383,000 after buying an additional 843 shares during the last quarter. Finally, Vivaldi Capital Management LP increased its stake in International Business Machines by 11.6% during the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock worth $300,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines News Summary

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

• Positive Sentiment: IBM launched compact z17 and LinuxONE 5 systems, including new rack-mount options and AI/automation software upgrades, which could help it win enterprise customers facing data-center space and cost constraints. IBM Launches Compact z17 and LinuxONE Systems to Address Data Center Space and Cost Constraints
• Positive Sentiment: Bank of America raised IBM’s price target to $330 and reiterated a buy rating, citing a better software mix and potential upside from Confluent-related synergies ahead of Q2 earnings. IBM Stock Jumps as BofA Securities Flags Strong Q2, Potential 2026 Guidance Hike
• Positive Sentiment: BofA also called IBM the “leader in the quantum category,” reinforcing investor confidence in the company’s long-term differentiation in quantum computing. IBM Is the Quantum Leader, Says BofA as Industry Awaits Better Hardware and Algorithms
• Positive Sentiment: IBM said it achieved the first known quantum-computer computations of fusion materials with Oak Ridge National Lab and Cleveland Clinic, a headline that strengthens its credibility in high-value scientific computing. Oak Ridge National Lab, Cleveland Clinic, and IBM Achieve First-Known Computations of Fusion Materials on a Quantum Computer
• Neutral Sentiment: Reports that IBM is attracting increased trader and analyst attention, along with a note that many Wall Street strategists see additional upside, add to momentum but do not change fundamentals on their own. IBM To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Monday
• Neutral Sentiment: IBM is seeing broader market support as tech stocks advanced and the ISM services reading showed ongoing expansion, which can lift sentiment across the sector. Getty Images, SAIC, Cognex, Hewlett Packard Enterprise, and IBM Shares Skyrocket, What You Need To Know
• Negative Sentiment: The main risk for IBM investors is that the stock now needs follow-through from upcoming earnings on July 22 to justify the recent move higher; any disappointment in AI monetization, margins, or guidance could pressure the shares. Dear IBM Stock Fans, Mark Your Calendars for July 22

About International Business Machines

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.