International Business Machines (NYSE:IBM) Price Target Lowered to $245.00 at Citigroup

International Business Machines (NYSE:IBM) had its price target cut by Citigroup from $255.00 to $245.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s target price points to a potential upside of 13.78% from the company’s previous close.

Several other research analysts have also weighed in on IBM. Weiss Ratings lowered International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Morgan Stanley dropped their price target on International Business Machines from $293.00 to $190.00 and set an “equal weight” rating for the company in a research note on Thursday. Jefferies Financial Group cut their price objective on International Business Machines from $320.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday. Needham & Company LLC began coverage on International Business Machines in a report on Wednesday, June 3rd. They set a “buy” rating for the company. Finally, KeyCorp downgraded shares of International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. Fifteen investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $265.40.

International Business Machines Trading Up 4.2%

International Business Machines stock traded up $8.67 during trading on Friday, reaching $215.32. The company had a trading volume of 7,222,363 shares, compared to its average volume of 8,178,567. International Business Machines has a 12-month low of $199.19 and a 12-month high of $332.46. The stock’s 50 day moving average price is $263.03 and its two-hundred day moving average price is $260.82. The firm has a market capitalization of $202.38 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.93. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 36.58%. International Business Machines’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.80 earnings per share. As a group, equities analysts expect that International Business Machines will post 12.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On International Business Machines

Hedge funds and other institutional investors have recently modified their holdings of the stock. Family CFO Inc bought a new position in International Business Machines during the fourth quarter worth $25,000. Basepoint Wealth LLC bought a new stake in International Business Machines during the fourth quarter valued at $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of International Business Machines during the first quarter worth $26,000. Joseph Group Capital Management bought a new position in shares of International Business Machines in the 4th quarter worth about $28,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of International Business Machines in the 4th quarter worth about $28,000. Institutional investors 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’s shares are getting some support from renewed investor interest after the post-earnings drop, with commentary pointing to a rebound in after-hours trading and optimism around IBM’s AI and quantum computing strategy.
• Positive Sentiment: IBM announced it is acquiring HRL Laboratories to strengthen its quantum computing roadmap, adding silicon-spin qubit and quantum sensing expertise that could enhance the company’s long-term growth narrative. IBM buys HRL Laboratories in shift to two-track quantum computing strategy
• Neutral Sentiment: Several articles framed IBM’s Q2 report as a “meet on EPS, miss on revenue” quarter: earnings matched estimates at $2.93 per share, but revenue came in below expectations at $17.16 billion, with weaker mainframe sales and delayed software deals pressuring results.
• Neutral Sentiment: IBM also lowered its 2026 constant-currency revenue growth outlook to 4%–5%, but management said the slowdown was driven by timing shifts in customer spending toward AI infrastructure rather than lost demand, which has helped temper bearish reactions.
• Negative Sentiment: The biggest drag on the stock remains the weak mainframe cycle: IBM said Z mainframe revenue fell sharply, and investors are worried that enterprise customers are prioritizing AI data-center spending over traditional IBM infrastructure and software.
• Negative Sentiment: Some outlets also highlighted the stock’s severe recent decline and new legal-investigation headlines, which could keep pressure on sentiment even if the company’s long-term AI and quantum story remains intact.

International Business Machines Company Profile

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.