IBM Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for IBM stock have an average target of 177.14, with a low estimate of 130 and a high estimate of 220. The average target predicts an increase of 4.80% from the current stock price of 169.03.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$130	$177.14	$186	$220
Change	-23.09%	+4.80%	+10.04%	+30.15%

Analyst Ratings

The average analyst rating for IBM stock from 14 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24	May '24
Strong Buy	2	2	2	2	2	2
Buy	3	3	3	3	3	3
Hold	7	7	7	6	6	6
Sell	0	0	0	0	0	1
Strong Sell	0	1	1	1	2	2
Total	12	13	13	12	13	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Grossman Stifel	Stifel	Strong Buy Maintains $190	Strong Buy	Maintains	$190	+12.41%	May 16, 2024
Matthew Swanson RBC Capital	RBC Capital	Buy Reiterates $200	Buy	Reiterates	$200	+18.32%	May 16, 2024
Stefan Slowinski Exane BNP Paribas	Exane BNP Paribas	Sell Initiates $145	Sell	Initiates	$145	-14.22%	May 2, 2024
Erik Woodring Morgan Stanley	Morgan Stanley	Hold Maintains $186 → $179	Hold	Maintains	$186 → $179	+5.90%	Apr 26, 2024
Brian Essex JP Morgan	JP Morgan	Hold Maintains $190 → $185	Hold	Maintains	$190 → $185	+9.45%	Apr 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

64.44B

from 61.86B

4.17%

from 61.86B

Revenue Next Year

67.38B

from 64.44B

4.57%

from 64.44B

EPS This Year

10.20

from 8.14

25.33%

from 8.14

EPS Next Year

10.78

from 10.20

5.64%

from 10.20

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	57.71B	55.18B	57.35B	60.53B	61.86B	64.44B	67.38B	70.62B	73.13B	76.00B
Revenue Growth	-27.49%	-4.39%	3.93%	5.54%	2.20%	4.17%	4.57%	4.80%	3.56%	3.92%
EPS	10.56	6.23	6.35	1.79	8.14	10.20	10.78	11.35	11.92	12.63
EPS Growth	10.92%	-41.00%	1.93%	-71.81%	354.75%	25.33%	5.64%	5.30%	5.07%	5.89%
No. Analysts	-	-	-	-	-	20	19	8	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	67.4B	71.8B	75.7B	78.2B	82.8B
Avg	64.4B	67.4B	70.6B	73.1B	76.0B
Low	62.0B	62.6B	64.7B	67.3B	68.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	8.9%	11.4%	12.4%	10.7%	13.2%
Avg	4.2%	4.6%	4.8%	3.6%	3.9%
Low	0.2%	-2.9%	-4.0%	-4.7%	-6.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	11.04	11.74	12.39	12.75	13.82
Avg	10.20	10.78	11.35	11.92	12.63
Low	9.64	10.22	10.41	11.24	11.60

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	35.6%	15.1%	15.0%	12.3%	15.9%
Avg	25.3%	5.6%	5.3%	5.1%	5.9%
Low	18.5%	0.2%	-3.4%	-0.9%	-2.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.