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International Business Machines (IBM) Stock Forecast, Price Target & Predictions

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IBM Stock Forecast

International Business Machines stock forecast is as follows: an average price target of $227.32 (represents a 1.77% upside from IBM’s last price of $223.36) 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 $227.32 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $260.00 to $145.00. This represents a potential 1.77% upside from IBM's last price of $223.36.

IBM Analyst Ratings

Hold

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 24, 2024Matthew SwansonRBC Capital$250.00$217.6314.87%11.93%
Oct 24, 2024Keith BachmanLoop Capital Markets$260.00$217.6319.47%16.40%
Oct 24, 2024Wamsi MohanBank of America Securities$250.00$217.6314.87%11.93%
Oct 24, 2024Keith BachmanBMO Capital$260.00$216.9419.85%16.40%
Oct 24, 2024James SchneiderGoldman Sachs$250.00$232.757.41%11.93%
Oct 16, 2024David GrossmanStifel Nicolaus$246.00$232.965.60%10.14%
Sep 27, 2024Amit DaryananiEvercore ISI$240.00$220.848.68%7.45%
Sep 25, 2024Toni SacconaghiBernstein$185.00$220.97-16.28%-17.17%
Sep 10, 2024Brent ThillJefferies$200.00$203.53-1.73%-10.46%
Aug 20, 2024Matt DezortNeedham$256.79$130.7596.40%14.97%
Jul 25, 2024David GrossmanStifel Nicolaus$205.00$184.0211.40%-8.22%
Jul 02, 2024Stefan SlowinskiBNP Paribas$145.00$174.95-17.12%-35.08%
Jul 02, 2024Brian EssexJ.P. Morgan$185.00$174.955.74%-17.17%
May 22, 2024Matthew SwansonRBC Capital$200.00$173.2515.44%-10.46%
Apr 25, 2024Keith BachmanBMO Capital$190.00$167.8113.23%-14.94%
Apr 25, 2024Erik WoodringMorgan Stanley$179.00$184.10-2.77%-19.86%
Apr 25, 2024Brent ThillJefferies$190.00$184.103.20%-14.94%
Apr 24, 2024Amit DaryananiEvercore ISI$215.00$184.1016.78%-3.74%
Apr 23, 2024Brent ThillJefferies$210.00$181.9015.45%-5.98%
Apr 09, 2024Keith BachmanBMO Capital$210.00$189.8210.63%-5.98%
Oct 26, 2023Keith BachmanLoop Capital Markets$155.00$143.887.73%-30.61%
Oct 26, 2023Matthew SwansonRBC Capital$179.00$143.8824.41%-19.86%
Jul 20, 2023Keith BachmanLoop Capital Markets$152.00$137.9010.23%-31.95%
Apr 20, 2023Toni SacconaghiBernstein$145.00$127.0814.10%-35.08%
Apr 11, 2023Erik WoodringMorgan Stanley$143.00$130.429.65%-35.98%
Feb 27, 2023Joseph ForesiCantor Fitzgerald$138.00$131.225.17%-38.22%
Oct 20, 2022Keith BachmanLoop Capital Markets$148.00$128.7214.98%-33.74%
Oct 20, 2022Moshe KatriWedbush$140.00$128.728.76%-37.32%
Sep 30, 2022David Vogt VogtUBS$112.00$121.63-7.92%-49.86%
Jul 31, 2022Sami BadriCredit Suisse$156.00$130.7919.28%-30.16%
Jul 19, 2022Morgan Stanley$155.00$138.1312.21%-30.61%
Apr 21, 2022Tigress Financial$139.00$138.320.49%-37.77%
Apr 20, 2022BMO Capital$152.00$136.8111.10%-31.95%
Apr 20, 2022Credit Suisse$166.00$135.9622.09%-25.68%
Apr 20, 2022Erik WoodringMorgan Stanley$157.00$129.1521.56%-29.71%
Apr 19, 2022Rosenblatt Securities$118.06$43.07174.11%-47.14%
Apr 17, 2022Keith BachmanBMO Capital$148.00$126.5616.94%-33.74%
Apr 14, 2022Erik WoodringMorgan Stanley$150.00$126.1418.92%-32.84%
Apr 03, 2022Amit DaryananiEvercore ISI$140.00$130.157.57%-37.32%
Feb 05, 2022Keith BachmanBMO Capital$155.00$137.1513.01%-30.61%
Jan 28, 2022Sami BadriCredit Suisse$165.00$134.5022.68%-26.13%
Jan 25, 2022David VogtUBS$118.00$134.48-12.25%-47.17%
Jan 25, 2022Brian EssexGoldman Sachs$144.00$134.487.08%-35.53%
Jan 22, 2022Katy HubertyMorgan Stanley$147.00$129.3513.65%-34.19%
Jan 15, 2022Brian EssexGoldman Sachs$140.00$134.214.31%-37.32%
Oct 08, 2021Jim KelleherArgus Research$165.00$133.3923.70%-26.13%
Jul 20, 2021Richard NguyenSociete Generale$140.00$128.888.63%-37.32%
Apr 21, 2021Ingo WermannDZ BANK AG$155.00$130.7218.57%-30.61%

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 11.93% increase from IBM last price ($223.36).

International Business Machines Price Target by Period

1M3M12M
# Anlaysts-820
Avg Price Target-$242.63$216.34
Last Closing Price$223.36$223.36$223.36
Upside/Downside-100.00%8.63%-3.14%

In the current month, the average price target of International Business Machines stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to International Business Machines's last price of $223.36. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 03, 2024Evercore ISIOutperformOutperformHold
Oct 24, 2024Goldman SachsBuyBuyHold
Oct 24, 2024BMO CapitalPerformPerformHold
Oct 24, 2024Bank of America SecuritiesBuyBuyHold
Oct 24, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 24, 2024Goldman SachsConviction BuyConviction BuyHold
Oct 22, 2024Evercore ISIOutperformOutperformHold
Oct 21, 2024JefferiesHoldHoldHold
Oct 17, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Oct 10, 2024RBC CapitalOutperformOutperformHold
Sep 25, 2024BernsteinMarket PerformMarket PerformHold
Sep 11, 2024Evercore ISIOutperformOutperformHold
Sep 10, 2024JefferiesHoldHoldHold
Aug 27, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 20, 2024RBC CapitalOutperformOutperformHold
Aug 20, 2024Exane BNP ParibasUnderperformUnderperformHold
Jul 25, 2024Goldman SachsBuyBuyHold
Jul 25, 2024Bank of America SecuritiesBuyBuyHold
Jul 25, 2024RBC CapitalOutperformOutperformHold
Jul 25, 2024BMO CapitalMarket PerformMarket PerformHold
Jul 25, 2024JefferiesHoldHoldHold
Jul 02, 2024Exane BNP ParibasNeutralUnderperformInitialise
Jul 02, 2024BNP ParibasNeutralNeutralHold
Jun 24, 2024WedbushMarket PerformMarket PerformHold
Jun 24, 2024UBSUnderperformUnderperformHold
Jun 24, 2024Goldman SachsNeutralBuyInitialise
May 24, 2024Bank of America SecuritiesBuyBuyHold
May 23, 2024BMO CapitalMarket PerformMarket PerformHold
May 22, 2024UBSUnderperformUnderperformHold
May 22, 2024WedbushMarket PerformMarket PerformHold
May 22, 2024RBC CapitalOutperformOutperformHold
Apr 25, 2024WedbushNeutralNeutralHold
Apr 24, 2024Evercore ISIOutperformOutperformHold
Apr 23, 2024JefferiesHoldHoldHold
Apr 17, 2024RBC CapitalUnderperformUnderperformHold
Apr 17, 2024Stifel NicolausMarket PerformMarket PerformHold
Apr 09, 2024BMO CapitalMarket PerformMarket PerformHold
Mar 07, 2024BernsteinMarket PerformMarket PerformHold
Jan 25, 2024BMO CapitalPerformPerformHold
Jan 25, 2024RBC CapitalOutperformOutperformHold
Jan 25, 2024Bank of America SecuritiesBuyBuyHold
Jan 19, 2024Evercore ISIOutperformUpgrade
Jan 05, 2024Societe GeneraleUnderperformUnderperformHold
Jan 05, 2024WedbushMarket PerformMarket PerformHold
Oct 26, 2023RBC CapitalOutperformOutperformHold
Oct 24, 2023BMO CapitalPerformPerformHold
Sep 29, 2023RBC CapitalOutperformInitialise
Aug 14, 2023National Securities CorporationBuyBuyHold
Jul 20, 2023BMO CapitalPerformPerformHold
Jul 14, 2023BMO CapitalMarket PerformMarket PerformHold
Jul 11, 2023Credit SuisseOutperformOutperformHold
Jun 28, 2023Exane BNP ParibasNeutralDowngrade
May 26, 2023BMO CapitalMarket PerformMarket PerformHold
Apr 20, 2023Morgan StanleyBuyBuyHold
Apr 11, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Feb 27, 2023Cantor FitzgeraldNeutralNeutralHold
Feb 27, 2023BarclaysEqual-WeightUpgrade
Feb 07, 2023Edward JonesHoldUnderperformDowngrade
Feb 06, 2023Edward JonesHoldDowngrade
Oct 20, 2022BMO CapitalPerformPerformHold
Oct 20, 2022WedbushNeutralNeutralHold
Oct 04, 2022Prescience PointBuyBuyHold
Sep 28, 2022UBSBuyBuyHold
Jul 20, 2022Credit SuisseOutperformOutperformHold
Jul 19, 2022Morgan StanleyOverweightOverweightHold
Jul 19, 2022BMO CapitalMarket PerformMarket PerformHold
Jul 19, 2022UBSSellSellHold
Apr 20, 2022Morgan StanleyOverweightOverweightHold
Apr 17, 2022BMO CapitalMarket PerformMarket PerformHold
Apr 14, 2022Morgan StanleyEqual-WeightOverweightUpgrade
Feb 05, 2022BMO CapitalMarket PerformMarket PerformHold
Jan 28, 2022Credit SuisseOutperformOutperformHold
Jan 22, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jan 11, 2022UBSNeutralDowngrade
Jan 09, 2022Goldman SachsNeutralInitialise
Jul 18, 2021BMO CapitalMarket PerformMarket PerformHold

International Business Machines's last stock rating was published by Evercore ISI on Dec 03, 2024. The company gave IBM a "Outperform" rating, the same as its previous rate.

International Business Machines Financial Forecast

International Business Machines Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$19.07B$16.01B$16.66B$15.22B$18.86B$15.93B$16.65B$14.74B$17.68B$15.09B$15.62B$14.56B$17.68B$14.83B$15.72B$14.48B$16.30B$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$18.71B$15.70B$16.35B$14.94B$18.51B$15.62B$16.34B$14.55B$17.56B$15.06B$15.62B$14.54B$16.65B$14.56B$15.42B$14.21B$15.99B$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
# Analysts44443335943361099888899999889127
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443335943361099888899999889127
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$3.36B$2.82B$2.93B$2.68B$3.32B$2.80B$2.93B$2.61B$3.13B$2.68B$2.78B$2.70B$3.07B$2.62B$2.77B$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$3.39B$2.84B$2.96B$2.70B$3.35B$2.83B$2.96B$2.62B$3.14B$2.68B$2.78B$3.24B$3.14B$2.64B$2.79B$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$3.32B$2.79B$2.90B$2.65B$3.29B$2.78B$2.90B$2.58B$3.12B$2.68B$2.78B$2.16B$2.96B$2.59B$2.74B$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%1.29%1.26%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443335943361099888899999889127
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$3.92B$2.31B$2.50B$1.71B$3.80B$2.27B$2.46B$1.83B$3.60B$2.08B$2.04B$1.05B$3.61B$2.03B$1.91B$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$3.82B$2.26B$2.44B$1.67B$3.70B$2.21B$2.40B$1.23B$3.52B$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443335943361099888899999889127
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$5.74B$4.82B$5.02B$4.59B$5.68B$4.80B$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$5.63B$4.73B$4.92B$4.50B$5.57B$4.71B$4.92B$4.38B$5.29B$4.54B$4.71B$4.10B$5.01B$4.39B$4.64B$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts44443335943361099888899999889127
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$4.19$2.47$2.67$1.82$4.06$2.42$2.63$1.96$3.85$2.23$2.18$1.60$3.86$2.17$2.04$1.28$3.64$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$4.08$2.41$2.60$1.78$3.96$2.36$2.57$1.32$3.76$2.22$2.18$1.59$3.69$2.08$1.99$1.25$3.55$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NOTEFiscalNote$1.05$7.25590.48%Buy
CDWCDW$176.66$245.0038.68%Buy
FISFidelity National Information Services$83.17$95.0014.22%Buy
JKHYJack Henry & Associates$177.67$200.5012.85%Buy
ITGartner$497.42$545.759.72%Hold
INFYInfosys$23.13$25.008.08%Hold
CTSHCognizant Technology Solutions$81.03$82.291.55%Hold
DXCDXC Technology Company$21.30$21.330.14%Hold
IBMInternational Business Machines$228.97$227.32-0.72%Hold
EPAMEPAM Systems$247.92$237.00-4.40%Buy
KDKyndryl$35.39$33.00-6.75%Buy
INODInnodata$37.57$23.00-38.78%Buy

IBM Forecast FAQ

Is International Business Machines a good buy?

No, according to 15 Wall Street analysts, International Business Machines (IBM) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 46.67% of IBM's total ratings.

What is IBM's price target?

International Business Machines (IBM) average price target is $227.32 with a range of $145 to $260, implying a 1.77% from its last price of $223.36. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will International Business Machines stock go up soon?

According to Wall Street analysts' prediction for IBM stock, the company can go up by 1.77% (from the last price of $223.36 to the average price target of $227.32), up by 16.40% based on the highest stock price target, and down by -35.08% based on the lowest stock price target.

Can International Business Machines stock reach $300?

IBM's average twelve months analyst stock price target of $227.32 does not support the claim that International Business Machines can reach $300 in the near future.

What are International Business Machines's analysts' financial forecasts?

International Business Machines's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $65.64B (high $66.17B, low $65.01B), average EBITDA is $11.66B (high $11.76B, low $11.55B), average net income is $9.96B (high $10.36B, low $9.55B), average SG&A $19.77B (high $19.93B, low $19.58B), and average EPS is $10.64 (high $11.07, low $10.21). IBM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $66.36B (high $66.96B, low $65.7B), average EBITDA is $11.79B (high $11.9B, low $11.67B), average net income is $10.31B (high $10.43B, low $10.18B), average SG&A $19.99B (high $20.17B, low $19.79B), and average EPS is $11.02 (high $11.15, low $10.88).

Did the IBM's actual financial results beat the analysts' financial forecasts?

Based on International Business Machines's last annual report (Dec 2023), the company's revenue was $61.86B, which missed the average analysts forecast of $61.95B by -0.14%. Apple's EBITDA was $14.59B, beating the average prediction of $10.91B by 33.74%. The company's net income was $7.5B, missing the average estimation of $8.21B by -8.67%. Apple's SG&A was $17.96B, missing the average forecast of $19B by -5.43%. Lastly, the company's EPS was $8.14, missing the average prediction of $9.19 by -11.47%. In terms of the last quarterly report (Dec 2023), International Business Machines's revenue was $17.38B, beating the average analysts' forecast of $17.29B by 0.53%. The company's EBITDA was $3.28B, beating the average prediction of $3.07B by 6.95%. International Business Machines's net income was $3.29B, missing the average estimation of $3.55B by -7.36%. The company's SG&A was $4.52B, missing the average forecast of $5.21B by -13.19%. Lastly, the company's EPS was $3.55, missing the average prediction of $3.79 by -6.44%