International Business Machines (IBM) Stock Forecast, Price Target & Predictions
IBM Stock Forecast
International Business Machines stock forecast is as follows: an average price target of $206.09 (represents a -7.33% downside from IBM’s last price of $222.40) and a rating consensus of 'Hold', based on 15 wall street analysts offering a 1-year stock forecast.
IBM Price Target
The average price target for International Business Machines (IBM) is $206.09 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $385.00 to $112.00. This represents a potential -7.33% downside from IBM's last price of $222.40.
IBM Analyst Ratings
According to 15 Wall Street analysts, International Business Machines's rating consensus is 'Hold'. The analyst rating breakdown for IBM stock is 0 'Strong Buy' (0.00%), 7 'Buy' (46.67%), 8 'Hold' (53.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
International Business Machines Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 24, 2024 | Matthew Swanson | RBC Capital | $250.00 | $217.63 | 14.87% | 12.41% |
| Oct 24, 2024 | Wamsi Mohan | Bank of America Securities | $250.00 | $217.63 | 14.87% | 12.41% |
| Oct 24, 2024 | Keith Bachman | Loop Capital Markets | $260.00 | $217.63 | 19.47% | 16.91% |
| Oct 24, 2024 | Keith Bachman | BMO Capital | $260.00 | $216.94 | 19.85% | 16.91% |
| Oct 24, 2024 | James Schneider | Goldman Sachs | $250.00 | $232.75 | 7.41% | 12.41% |
| Oct 16, 2024 | David Grossman | Stifel Nicolaus | $246.00 | $232.96 | 5.60% | 10.61% |
| Sep 27, 2024 | Amit Daryanani | Evercore ISI | $240.00 | $220.84 | 8.68% | 7.91% |
| Sep 25, 2024 | Toni Sacconaghi | Bernstein | $185.00 | $220.97 | -16.28% | -16.82% |
| Sep 10, 2024 | Brent Thill | Jefferies | $200.00 | $203.53 | -1.73% | -10.07% |
| Aug 20, 2024 | Matt Dezort | Needham | $385.00 | $196.03 | 96.40% | 73.11% |
The latest International Business Machines stock forecast, released on Oct 24, 2024 by Matthew Swanson from RBC Capital, set a price target of $250.00, which represents a 14.87% increase from the stock price at the time of the forecast ($217.63), and a 12.41% increase from IBM last price ($222.40).
International Business Machines Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 5 | 9 | 20 |
| Avg Price Target | $254.00 | $237.89 | $222.75 |
| Last Closing Price | $222.40 | $222.40 | $222.40 |
| Upside/Downside | 14.21% | 6.96% | 0.16% |
In the current month, the average price target of International Business Machines stock is $254.00, according to 5 Wall Street analysts offering twelve months forecast. The average price target represents a 14.21% increase as opposed to International Business Machines's last price of $222.40. This month's average price target is up 6.77% compared to last quarter, and up 14.03% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 24, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Oct 24, 2024 | BMO Capital | Perform | Perform | Hold |
| Oct 24, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Oct 24, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 24, 2024 | Goldman Sachs | Conviction Buy | Conviction Buy | Hold |
| Oct 22, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Oct 21, 2024 | Jefferies | Hold | Hold | Hold |
| Oct 17, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Oct 10, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Sep 25, 2024 | Bernstein | Market Perform | Market Perform | Hold |
International Business Machines's last stock rating was published by Goldman Sachs on Oct 24, 2024. The company gave IBM a "Buy" rating, the same as its previous rate.
International Business Machines Financial Forecast
International Business Machines Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $17.38B | $14.75B | $15.47B | $14.25B | $16.69B | $14.11B | $15.54B | $14.20B | $3.26B | $17.62B | $18.75B | $17.73B | $20.37B | $17.56B | $18.12B | $17.57B | $21.78B | $18.03B |
| Avg Forecast | $18.90B | $15.86B | $16.51B | $15.09B | $18.69B | $15.78B | $16.50B | $14.67B | $17.62B | $15.08B | $15.62B | $14.55B | $17.29B | $14.73B | $15.58B | $14.35B | $16.15B | $13.52B | $15.08B | $13.78B | $16.05B | $17.79B | $18.29B | $17.32B | $20.68B | $17.54B | $17.73B | $17.59B | $21.64B | $18.23B |
| High Forecast | $19.04B | $15.98B | $16.64B | $15.20B | $18.83B | $15.90B | $16.62B | $14.74B | $17.67B | $15.09B | $15.62B | $14.56B | $17.68B | $14.83B | $15.69B | $14.46B | $16.27B | $13.52B | $15.08B | $13.78B | $16.05B | $17.79B | $18.29B | $17.32B | $20.68B | $17.54B | $17.73B | $17.59B | $21.64B | $18.23B |
| Low Forecast | $18.74B | $15.73B | $16.38B | $14.96B | $18.54B | $15.65B | $16.36B | $14.55B | $17.55B | $15.06B | $15.62B | $14.54B | $16.65B | $14.56B | $15.45B | $14.23B | $16.02B | $13.52B | $15.08B | $13.78B | $16.05B | $17.79B | $18.29B | $17.32B | $20.68B | $17.54B | $17.73B | $17.59B | $21.64B | $18.23B |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 0.99% | 0.99% | 1.03% | 1.04% | 1.03% | 1.03% | 0.20% | 0.99% | 1.02% | 1.02% | 0.98% | 1.00% | 1.02% | 1.00% | 1.01% | 0.99% |
International Business Machines's average Quarter revenue forecast for Mar 24 based on 3 analysts is $14.55B, with a low forecast of $14.54B, and a high forecast of $14.56B. IBM's average Quarter revenue forecast represents a -16.28% decrease compared to the company's last Quarter revenue of $17.38B (Dec 23).
International Business Machines EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $3.29B | $3.38B | $3.50B | $2.50B | $4.76B | $-3.04B | $3.26B | $2.19B | $4.55B | $3.29B | $3.51B | $2.86B | $3.31B | $3.83B | $3.57B | $1.91B | $6.00B | $3.62B |
| Avg Forecast | $3.34B | $2.80B | $2.92B | $2.67B | $3.31B | $2.79B | $2.92B | $2.59B | $3.11B | $2.67B | $2.76B | $2.70B | $3.06B | $2.60B | $2.75B | $2.45B | $4.70B | $2.62B | $2.93B | $2.23B | $3.11B | $3.45B | $3.55B | $2.61B | $4.01B | $3.40B | $3.44B | $1.87B | $4.20B | $3.54B |
| High Forecast | $3.37B | $2.82B | $2.94B | $2.69B | $3.33B | $2.81B | $2.94B | $2.61B | $3.12B | $2.67B | $2.76B | $3.24B | $3.13B | $2.62B | $2.77B | $2.94B | $5.64B | $2.62B | $2.93B | $2.67B | $3.11B | $3.45B | $3.55B | $3.13B | $4.01B | $3.40B | $3.44B | $2.24B | $4.20B | $3.54B |
| Low Forecast | $3.31B | $2.78B | $2.90B | $2.65B | $3.28B | $2.77B | $2.89B | $2.57B | $3.10B | $2.66B | $2.76B | $2.16B | $2.94B | $2.57B | $2.73B | $1.96B | $3.76B | $2.62B | $2.93B | $1.78B | $3.11B | $3.45B | $3.55B | $2.09B | $4.01B | $3.40B | $3.44B | $1.49B | $4.20B | $3.54B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.30% | 1.27% | 1.02% | 1.01% | -1.16% | 1.12% | 0.98% | 1.46% | 0.95% | 0.99% | 1.09% | 0.82% | 1.13% | 1.04% | 1.02% | 1.43% | 1.02% |
3 analysts predict IBM's average Quarter EBITDA for Mar 24 to be $2.70B, with a high of $3.24B and a low of $2.16B. This is -17.93% lower than International Business Machines's previous annual EBITDA (Dec 23) of $3.29B.
International Business Machines Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $3.29B | $1.70B | $1.58B | $927.00M | $2.71B | $-3.21B | $1.39B | $733.00M | $2.46B | $1.13B | $1.32B | $955.00M | $1.36B | $1.70B | $1.36B | $1.18B | $3.67B | $1.67B |
| Avg Forecast | $3.87B | $2.29B | $2.47B | $1.69B | $3.75B | $2.24B | $2.43B | $1.53B | $3.56B | $2.08B | $2.04B | $874.08M | $3.55B | $1.99B | $1.88B | $794.61M | $2.91B | $1.67B | $2.12B | $722.38M | $3.08B | $2.25B | $2.06B | $872.98M | $1.61B | $2.30B | $1.87B | $1.15B | $4.18B | $2.38B |
| High Forecast | $3.91B | $2.31B | $2.49B | $1.70B | $3.79B | $2.26B | $2.46B | $1.82B | $3.65B | $2.08B | $2.04B | $1.05B | $3.61B | $2.03B | $1.90B | $953.54M | $3.49B | $1.67B | $2.12B | $866.85M | $3.08B | $2.25B | $2.06B | $1.05B | $1.61B | $2.30B | $1.87B | $1.38B | $4.18B | $2.38B |
| Low Forecast | $3.83B | $2.26B | $2.44B | $1.67B | $3.71B | $2.22B | $2.41B | $1.22B | $3.50B | $2.08B | $2.04B | $699.26M | $3.46B | $1.95B | $1.86B | $635.69M | $2.32B | $1.67B | $2.12B | $577.90M | $3.08B | $2.25B | $2.06B | $698.38M | $1.61B | $2.30B | $1.87B | $919.11M | $4.18B | $2.38B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.86% | 0.84% | 1.17% | 0.93% | -1.92% | 0.66% | 1.01% | 0.80% | 0.50% | 0.64% | 1.09% | 0.84% | 0.74% | 0.73% | 1.02% | 0.88% | 0.70% |
International Business Machines's average Quarter net income forecast for Mar 24 is $874.08M, with a range of $699.26M to $1.05B. IBM's average Quarter net income forecast represents a -73.42% decrease compared to the company's last Quarter net income of $3.29B (Dec 23).
International Business Machines SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $4.52B | $4.46B | $4.90B | $4.85B | $4.76B | $4.39B | $4.86B | $4.60B | $3.08B | $4.45B | $5.10B | $4.93B | $6.97B | $4.37B | $4.89B | $5.61B | $5.10B | $4.74B |
| Avg Forecast | $5.69B | $4.78B | $4.97B | $4.54B | $5.63B | $4.75B | $4.97B | $4.42B | $5.31B | $4.54B | $4.71B | $5.13B | $5.21B | $4.44B | $4.69B | $4.66B | $3.84B | $4.07B | $4.54B | $4.24B | $4.83B | $5.36B | $5.51B | $4.50B | $6.23B | $5.28B | $5.34B | $5.49B | $6.52B | $5.49B |
| High Forecast | $5.73B | $4.81B | $5.01B | $4.58B | $5.67B | $4.79B | $5.01B | $4.44B | $5.32B | $4.55B | $4.71B | $6.15B | $5.32B | $4.47B | $4.73B | $5.60B | $4.61B | $4.07B | $4.54B | $5.09B | $4.83B | $5.36B | $5.51B | $5.40B | $6.23B | $5.28B | $5.34B | $6.59B | $6.52B | $5.49B |
| Low Forecast | $5.64B | $4.74B | $4.93B | $4.51B | $5.58B | $4.71B | $4.93B | $4.38B | $5.28B | $4.54B | $4.71B | $4.10B | $5.01B | $4.39B | $4.65B | $3.73B | $3.07B | $4.07B | $4.54B | $3.39B | $4.83B | $5.36B | $5.51B | $3.60B | $6.23B | $5.28B | $5.34B | $4.39B | $6.52B | $5.49B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 1.01% | 1.04% | 1.04% | 1.24% | 1.08% | 1.07% | 1.08% | 0.64% | 0.83% | 0.93% | 1.09% | 1.12% | 0.83% | 0.92% | 1.02% | 0.78% | 0.86% |
International Business Machines's average Quarter SG&A projection for Mar 24 is $5.13B, based on 3 Wall Street analysts, with a range of $4.10B to $6.15B. The forecast indicates a 13.47% rise compared to IBM last annual SG&A of $4.52B (Dec 23).
International Business Machines EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 3 | 3 | 6 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 9 | 12 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $3.55 | $1.87 | $1.74 | $1.02 | $2.99 | $-3.55 | $1.54 | $0.82 | $2.74 | $1.26 | $1.48 | $1.07 | $1.52 | $1.90 | $1.53 | $1.32 | $4.14 | $1.89 |
| Avg Forecast | $4.14 | $2.44 | $2.64 | $1.80 | $4.01 | $2.39 | $2.60 | $1.64 | $3.80 | $2.22 | $2.18 | $1.60 | $3.79 | $2.12 | $2.01 | $1.26 | $3.59 | $1.79 | $2.27 | $1.39 | $3.29 | $2.41 | $2.21 | $1.61 | $1.73 | $2.47 | $2.00 | $1.73 | $4.48 | $2.55 |
| High Forecast | $4.18 | $2.47 | $2.66 | $1.82 | $4.05 | $2.42 | $2.62 | $1.95 | $3.90 | $2.23 | $2.18 | $1.60 | $3.86 | $2.17 | $2.03 | $1.27 | $3.63 | $1.79 | $2.27 | $1.41 | $3.29 | $2.41 | $2.21 | $1.61 | $1.73 | $2.47 | $2.00 | $1.73 | $4.48 | $2.55 |
| Low Forecast | $4.09 | $2.42 | $2.61 | $1.78 | $3.97 | $2.37 | $2.57 | $1.31 | $3.74 | $2.22 | $2.18 | $1.59 | $3.69 | $2.08 | $1.99 | $1.25 | $3.56 | $1.79 | $2.27 | $1.37 | $3.29 | $2.41 | $2.21 | $1.61 | $1.73 | $2.47 | $2.00 | $1.73 | $4.48 | $2.55 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.88% | 0.86% | 0.81% | 0.83% | -1.98% | 0.68% | 0.59% | 0.83% | 0.52% | 0.67% | 0.66% | 0.88% | 0.77% | 0.77% | 0.76% | 0.92% | 0.74% |
According to 3 Wall Street analysts, International Business Machines's projected average Quarter EPS for Mar 24 is $1.60, with a low estimate of $1.59 and a high estimate of $1.60. This represents a -55.06% decrease compared to IBM previous annual EPS of $3.55 (Dec 23).
International Business Machines Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CYXT | Cyxtera | $0.07 | $6.35 | 8971.43% | Buy |
| NOTE | FiscalNote | $0.87 | $7.25 | 733.33% | Buy |
| EPAM | EPAM Systems | $245.22 | $331.06 | 35.01% | Buy |
| CDW | CDW | $178.17 | $232.80 | 30.66% | Buy |
| DXC | DXC Technology Company | $21.82 | $26.44 | 21.17% | Hold |
| FIS | Fidelity National Information Services | $85.50 | $101.73 | 18.98% | Buy |
| FISV | Fiserv | $114.23 | $133.11 | 16.53% | Buy |
| JKHY | Jack Henry & Associates | $172.50 | $191.80 | 11.19% | Buy |
| CTSH | Cognizant Technology Solutions | $78.86 | $75.88 | -3.78% | Hold |
| INFY | Infosys | $21.96 | $20.58 | -6.28% | Hold |
| IBM | International Business Machines | $222.40 | $206.09 | -7.33% | Hold |
| KD | Kyndryl | $32.49 | $29.80 | -8.28% | Buy |
| IT | Gartner | $519.24 | $450.00 | -13.33% | Hold |
| INOD | Innodata | $46.23 | $23.00 | -50.25% | Buy |