International Business Machines (NYSE:IBM) Stock Price Up 2.2% After Analyst Upgrade

International Business Machines Corporation (NYSE:IBM) shot up 2.2% on Tuesday after Bank of America raised their price target on the stock from $315.00 to $330.00. Bank of America currently has a buy rating on the stock. International Business Machines traded as high as $311.80 and last traded at $305.9780. 8,466,198 shares were traded during trading, an increase of 16% from the average session volume of 7,286,341 shares. The stock had previously closed at $299.52.

IBM has been the subject of a number of other reports. Jefferies Financial Group assumed coverage on International Business Machines in a report on Tuesday, June 23rd. They set a “buy” rating for the company. Citigroup increased their target price on International Business Machines from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Morgan Stanley upgraded International Business Machines from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 23rd. Wolfe Research downgraded shares of International Business Machines to a “peer perform” rating in a research report on Tuesday, June 23rd. Finally, Needham & Company LLC initiated coverage on shares of International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $306.47.

International Business Machines News Summary

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

• Positive Sentiment: Bank of America raised its price target on IBM to $330 and reiterated a bullish view, citing stronger software momentum, Red Hat contributions, infrastructure strength, and the possibility of a modest 2026 guidance increase. Article title
• Positive Sentiment: IBM unveiled compact z17 and LinuxONE 5 systems, expanding deployment options with rack-mount and single-frame configurations to address data-center space and cost constraints. The launch also includes AI and automation upgrades, which supports IBM’s enterprise growth story. Article title
• Positive Sentiment: IBM’s quantum-computing work continues to attract attention after reports highlighted a breakthrough collaboration with U.S. scientists on fusion-material research, reinforcing the company’s leadership narrative in quantum and advanced computing. Article title
• Neutral Sentiment: IBM was also mentioned in broader market coverage as the Dow hit all-time highs and blue-chip stocks continued to advance, which may be providing a supportive backdrop for the name. Article title
• Neutral Sentiment: Additional commentary from media and analysts flagged IBM as a trending Dow component and a potentially attractive “AI value” play, but these pieces mainly reinforce existing sentiment rather than introduce new fundamentals. Article title

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CVA Family Office LLC raised its position in shares of International Business Machines by 1.4% during the 4th quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock valued at $708,000 after acquiring an additional 33 shares during the last quarter. Foster Group Inc. boosted its position in shares of International Business Machines by 1.3% in the 4th quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after purchasing an additional 33 shares during the last quarter. New Covenant Trust Company N.A. grew its stake in shares of International Business Machines by 3.8% during the fourth quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock worth $264,000 after purchasing an additional 33 shares during the period. McGowan Group Asset Management Inc. grew its stake in shares of International Business Machines by 1.2% during the fourth quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock worth $798,000 after purchasing an additional 33 shares during the period. Finally, Altman Advisors Inc. increased its holdings in International Business Machines by 0.3% in the third quarter. Altman Advisors Inc. now owns 9,929 shares of the technology company’s stock valued at $2,802,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Up 2.2%

The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The stock has a market cap of $287.59 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The firm has a 50 day simple moving average of $256.99 and a two-hundred day simple moving average of $266.06.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.International Business Machines’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.60 EPS. As a group, sell-side analysts expect that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were issued a $1.69 dividend. This represents a $6.76 annualized dividend and a yield of 2.2%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date was Friday, May 8th. International Business Machines’s dividend payout ratio (DPR) 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.