IBM Stock Forecast

Stock Price Forecast

According to 22 analysts polled by S&P Global, IBM stock has a consensus rating of "Buy" and an average price target of $293.89. The average 1-year stock price forecast is 8.19% higher than the current stock price, while the lowest is $195 (-28.21%) and the highest is $390 (+43.58%).

Price Target: $293.89 (+8.19%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$195	$293.89	$291	$390
Change	-28.21%	+8.19%	+7.13%	+43.58%

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

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	9	9	9	10	11	11
Buy	1	2	2	1	1	3
Hold	8	8	8	9	7	7
Sell	1	1	1	1	2	1
Strong Sell	2	1	1	0	0	0
Total	21	21	21	21	21	22

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Daniel Ives Wedbush	Wedbush	Buy Maintains $350	Buy	Maintains	$350	+28.85%	Jun 26, 2026
Erik Woodring Morgan Stanley	Morgan Stanley	Hold Maintains $225 → $267	Hold	Maintains	$225 → $267	-1.70%	Jun 24, 2026
Brian Essex J.P. Morgan	J.P. Morgan	Buy Upgrades $270 → $291	Buy	Upgrades	$270 → $291	+7.13%	Jun 23, 2026
Raimo Lenschow Barclays	Barclays	Buy Maintains $350	Buy	Maintains	$350	+28.85%	Jun 15, 2026
Wamsi Mohan Bank of America Securities	Bank of America Securities	Buy Maintains $300 → $315	Buy	Maintains	$300 → $315	+15.97%	Jun 8, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

71.50B

from 67.54B

5.86%

from 67.54B

Revenue Next Year

74.66B

from 71.50B

4.42%

from 71.50B

EPS This Year

12.46

from 11.59

7.47%

from 11.59

EPS Next Year

13.46

from 12.46

8.04%

from 12.46

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	71.50B
Revenue Growth	3.94%	5.54%	2.20%	1.44%	7.62%	5.86%
Gross Profit	31.49B	32.69B	34.30B	35.55B	39.30B	42.83B
Gross Margin	54.90%	54.00%	55.45%	56.65%	58.19%	59.90%
Operating Income	5.58B	7.52B	9.42B	9.79B	12.57B	15.27B
Net Income	5.74B	1.64B	7.50B	6.02B	10.59B	9.94B
EPS	-	-	-	-	11.59	12.46
EPS Growth	-	-	-	-	12.20%	7.47%
Forward PE	12.81	14.63	16.60	21.12	24.50	21.81
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	13.16B	15.68B
No. Analysts	-	-	-	-	-	20

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

Revenue Forecast

Revenue	2026	2027	2028
High	72.3B
Avg	71.5B
Low	70.8B

Revenue Growth

Revenue Growth	2026	2027	2028
High	7.1%
Avg	5.9%
Low	4.8%

EPS Forecast

EPS	2026	2027	2028
High	13.17
Avg	12.46
Low	12.10

EPS Growth

EPS Growth	2026	2027	2028
High	13.6%
Avg	7.5%
Low	4.4%