IBM Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for IBM stock have an average target of 183.86, with a low estimate of 130 and a high estimate of 220. The average target predicts a decrease of -4.11% from the current stock price of 191.75.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$130	$183.86	$200	$220
Change	-32.20%	-4.11%	+4.30%	+14.73%

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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	2	2	2	2	3	3
Buy	3	3	3	3	3	2
Hold	7	6	6	6	6	6
Sell	0	0	0	1	1	1
Strong Sell	1	1	2	2	2	2
Total	13	12	13	14	15	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Swanson RBC Capital	RBC Capital	Buy Maintains $200 → $211	Buy	Maintains	$200 → $211	+10.04%	Jul 25, 2024
Brent Thill Jefferies	Jefferies	Hold Maintains $190 → $200	Hold	Maintains	$190 → $200	+4.30%	Jul 25, 2024
Keith Bachman BMO Capital	BMO Capital	Hold Maintains $190 → $210	Hold	Maintains	$190 → $210	+9.52%	Jul 25, 2024
David Grossman Stifel	Stifel	Strong Buy Maintains $190 → $205	Strong Buy	Maintains	$190 → $205	+6.91%	Jul 25, 2024
James Schneider Goldman Sachs	Goldman Sachs	Strong Buy Initiates $200	Strong Buy	Initiates	$200	+4.30%	Jun 24, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

63.66B

from 61.86B

2.91%

from 61.86B

Revenue Next Year

66.60B

from 63.66B

4.61%

from 63.66B

EPS This Year

10.04

from 8.14

23.32%

from 8.14

EPS Next Year

10.54

from 10.04

5.04%

from 10.04

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	57.71B	55.18B	57.35B	60.53B	61.86B	63.66B	66.60B	69.95B	72.66B	75.37B
Revenue Growth	-27.49%	-4.39%	3.93%	5.54%	2.20%	2.91%	4.61%	5.03%	3.87%	3.74%
EPS	10.56	6.23	6.35	1.79	8.14	10.04	10.54	11.16	11.92	12.63
EPS Growth	10.92%	-41.00%	1.93%	-71.81%	354.75%	23.32%	5.04%	5.88%	6.79%	5.89%
Forward PE	-	-	-	-	-	19.10	18.18	17.17	16.08	15.19
No. Analysts	-	-	-	-	-	21	20	11	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	66.6B	70.8B	74.8B	78.2B	82.8B
Avg	63.7B	66.6B	69.9B	72.7B	75.4B
Low	61.3B	62.9B	64.2B	67.3B	68.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	7.7%	11.3%	12.3%	11.8%	13.9%
Avg	2.9%	4.6%	5.0%	3.9%	3.7%
Low	-0.9%	-1.2%	-3.6%	-3.8%	-6.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	10.84	11.38	12.29	12.75	13.82
Avg	10.04	10.54	11.16	11.92	12.63
Low	9.51	9.66	10.38	11.24	11.60

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	33.1%	13.4%	16.5%	14.2%	15.9%
Avg	23.3%	5.0%	5.9%	6.8%	5.9%
Low	16.8%	-3.7%	-1.5%	0.7%	-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.