IBM Stock Forecast

Stock Price Forecast

According to 24 analysts polled by S&P Global, IBM stock has a consensus rating of "Buy" and an average price target of $273.75. The average 1-year stock price forecast is 28.72% higher than the current stock price, while the lowest is $175 (-17.71%) and the highest is $350 (+64.57%).

Price Target: $273.75 (+28.72%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$175	$273.75	$275	$350
Change	-17.71%	+28.72%	+29.31%	+64.57%

Analyst Ratings

The average analyst rating for IBM stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	9	9	10	11	12	11
Buy	2	2	1	1	3	3
Hold	8	8	9	7	7	7
Sell	1	1	1	2	1	2
Strong Sell	1	1	0	0	0	1
Total	21	21	21	21	23	24

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brian Essex J.P. Morgan	J.P. Morgan	Buy Maintains $291 → $250	Buy	Maintains	$291 → $250	+17.55%	Jul 17, 2026
Jim Kelleher Argus Research	Argus Research	Buy Reiterates $360 → $280	Buy	Reiterates	$360 → $280	+31.66%	Jul 16, 2026
James Friedman Susquehanna	Susquehanna	Hold Maintains $303	Hold	Maintains	$303	+42.47%	Jul 15, 2026
Keith Bachman BMO Capital	BMO Capital	Hold Maintains $270	Hold	Maintains	$270	+26.96%	Jul 15, 2026
Fatima Boolani Citi	Citi	Buy Maintains $375	Buy	Maintains	$375	+76.33%	Jul 15, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

71.14B

from 67.54B

5.34%

from 67.54B

Revenue Next Year

74.13B

from 71.14B

4.21%

from 71.14B

EPS This Year

12.19

from 11.59

5.14%

from 11.59

EPS Next Year

13.31

from 12.19

9.21%

from 12.19

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	57.35B	60.53B	61.86B	62.75B	67.54B	71.14B
Revenue Growth	3.94%	5.54%	2.20%	1.44%	7.62%	5.34%
Gross Profit	31.49B	32.69B	34.30B	35.55B	39.30B	42.52B
Gross Margin	54.90%	54.00%	55.45%	56.65%	58.19%	59.76%
Operating Income	5.58B	7.52B	9.42B	9.79B	12.62B	15.22B
Net Income	5.74B	1.64B	7.50B	6.02B	10.59B	9.26B
EPS	-	-	-	-	11.59	12.19
EPS Growth	-	-	-	-	12.20%	5.14%
Forward PE	12.81	14.63	16.60	21.12	24.50	17.45
Dividend / Share	6.55	6.59	6.63	6.67	6.71	6.75
Dividend Growth	-	0.61%	0.61%	0.60%	0.60%	0.60%
Free Cash Flow	4.63B	9.68B	10.52B	9.33B	13.19B	15.28B
No. Analysts	-	-	-	-	-	21

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	72.3B
Avg	71.1B
Low	69.6B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	7.0%
Avg	5.3%
Low	3.0%

EPS Forecast

Chart

EPS	2026	2027	2028
High	12.61
Avg	12.19
Low	11.56

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	8.8%
Avg	5.1%
Low	-0.3%