International Business Machines (NYSE:IBM) Shares Up 4.9% Following Analyst Upgrade

International Business Machines Corporation (NYSE:IBM)’s stock price was up 4.9% during trading on Tuesday after Morgan Stanley upgraded the stock from an equal weight rating to an overweight rating. The stock traded as high as $267.53 and last traded at $264.66. Approximately 15,252,387 shares changed hands during mid-day trading, an increase of 110% from the average session volume of 7,250,148 shares. The stock had previously closed at $252.22.

IBM has been the subject of several other research reports. Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Oppenheimer decreased their price objective on International Business Machines from $380.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Wolfe Research cut International Business Machines to a “peer perform” rating in a research report on Tuesday. DZ Bank upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price objective for the company in a research note on Friday, April 24th. Finally, Wedbush set a $350.00 target price on shares of International Business Machines in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $306.94.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: JPMorgan upgraded IBM to Overweight from Neutral and raised its price target to $291, citing growing confidence in IBM’s software acceleration and AI-driven growth prospects. Article: This IBM Analyst Turns Bullish; Here Are Top 3 Upgrades For Tuesday
• Positive Sentiment: IBM is getting renewed attention around quantum computing after President Trump praised CEO Arvind Krishna and signed executive orders aimed at speeding up U.S. quantum development, which could boost sentiment toward IBM’s long-term growth initiatives. Article: Trump admits selling IBM’s stock was a mistake. Now he’s cheering its quantum future.
• Positive Sentiment: IBM and OpenAI announced a partnership to bring frontier AI into enterprise cybersecurity, adding another high-profile catalyst for IBM’s AI monetization narrative. Article: IBM partners with OpenAI on enterprise security AI
• Positive Sentiment: Wall Street commentary also highlighted IBM’s progress in turning quantum computing into a scalable business, reinforcing optimism that the company’s investments may eventually become a meaningful revenue stream. Article: IBM Getting Ready to Scale Quantum Computing
• Neutral Sentiment: Articles about IBM’s Wimbledon AI features and broader quantum-computing sector momentum add to the growth narrative, but they are less immediate stock catalysts than the analyst upgrade and policy headlines. Article: Wimbledon and IBM Introduce New AI-Powered Fan Experiences and Modernized Digital Platforms for The Championships 2026

Institutional Investors Weigh In On International Business Machines

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in International Business Machines by 12.4% in the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC lifted its position in International Business Machines by 10.6% during the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after purchasing an additional 186 shares during the last quarter. Jump Financial LLC bought a new position in International Business Machines during the second quarter valued at $211,000. Ieq Capital LLC increased its holdings in shares of International Business Machines by 2.2% in the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock worth $11,383,000 after buying an additional 843 shares during the last quarter. Finally, Vivaldi Capital Management LP raised its position in shares of International Business Machines by 11.6% during the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock valued at $300,000 after buying an additional 106 shares in the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

International Business Machines Price Performance

The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The firm’s 50-day moving average price is $251.77 and its 200-day moving average price is $268.17. The stock has a market capitalization of $248.75 billion, a PE ratio of 23.40, a PEG ratio of 2.58 and a beta of 0.66.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same quarter last year, the business posted $1.60 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. On average, equities analysts forecast that International Business Machines Corporation will post 12.38 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is 59.77%.

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.