International Business Machines Corporation (IBM) Price Target Analysis

Updated Jun 18, 2026

Analyst Rating: Hold

Based on 50 analysts

25.0% Below Target

IBM trades 25.0% below Wall Street's consensus target of $311.33.

Current Price$249.10

Average Target$311.33

Target

Current

Low$225.00

Median$325.00

High$360.00

Analyst Target Range

Forward P/E20.0x

(Fair)

PEG Ratio1.62

(Fair)

Implied Growth+10.0%

(Moderate)

Analyst Spread43.4%

(Moderate)

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$249.10

Consensus$311.33

High$360.00

Low$225.00

Consensus Scenario Assumptions

The base valuation assumes IBM achieves its forward estimates and maintains a stable P/E multiple of 20.0x. This scenario reflects the blended consensus of 50 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.

Analyst Ratings Distribution

Breakdown of 50 published analyst recommendations for IBM

46% hold / mixed conviction

BearishBullish

Weighted analyst sentiment score based on 50 ratings

ConsensusHold

Coverage50 Analysts

Net Score+20

Bull / Bear46% / 8%

Strong Buy12%

Buy2244%

Hold2346%

Sell48%

Strong Sell00%

Strong Buy

12%

Buy

2244%

Hold

2346%

Sell

48%

Strong Sell

00%

Recommendation Mix46% Buy · 46% Hold · 8% Sell

Buy (23)Hold (23)Sell (4)

IBM Price Target Analysis

Updated June 22, 2026

As of June 22, 2026, International Business Machines Corporation (IBM) has a Wall Street consensus price target of $311.33, based on estimates from 50 covering analysts. With the stock currently trading at $249.10, this represents a potential upside of +25.0%. The company has a market capitalization of $233.66B.

Analyst price targets range from a low of $225.00 to a high of $360.00, representing a 43% spread in expectations. The median target of $325.00 aligns closely with the consensus average.

The current analyst consensus rating is Hold, with 23 analysts rating the stock as a Buy or Strong Buy,23 rating it Hold, and 4 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.

From a valuation perspective, IBM trades at a trailing P/E of 22.3x and forward P/E of 20.0x. The forward PEG ratio of 1.62 indicates reasonable valuation for growth. Analysts expect EPS to grow +10.0% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $262.17, with bear and bull scenarios of $165.17 and $345.43 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.

Analyst Sentiment Comparison

Industry Peer Analysis

Avg Peer Upside

+72.8%

Industry Consensus

Avg Forward P/E

13.7x

(Value)

Peers with Coverage

10 / 10

Active Analyst Tracking

Company	Market Cap	Price	Target	Upside Potential	Rating	Fwd P/E	Analysts
ACNAccenture plc	$80.3B	$130.54	$236.31	+81.0%	Buy	9.4x	53
HPEHewlett Packard Enterprise Company	$62.8B	$47.41	$69.27	+46.1%	Hold	13.9x	39
DXCDXC Technology Company	$1.4B	$8.60	$13.67	+59.0%	Hold	2.7x	24
CTSHCognizant Technology Solutions Corporation	$20.7B	$43.70	$77.92	+78.3%	Hold	7.6x	51
INFYInfosys Limited	$42.9B	$10.57	$16.90	+59.9%	Hold	13.9x	40
WITWipro Limited	$25.0B	$2.39	$7.35	+207.5%	Hold	0.2x	21
MSFTMicrosoft Corporation	$2.8T	$379.40	$551.96	+45.5%	Buy	22.6x	82
ORCLOracle Corporation	$530.1B	$184.31	$253.50	+37.5%	Buy	22.9x	86
SAPSAP SE	$180.9B	$155.22	$240.67	+55.1%	Buy	21.2x	43
NOWServiceNow, Inc.	$98.5B	$95.04	$150.26	+58.1%	Buy	22.9x	69

IBM — Frequently Asked Questions

Quick answers to the most common questions about buying IBM stock.

What is the IBM stock price target for 2026?

The consensus Wall Street price target for IBM is $311.33, representing 25.0% upside from the current price of $249.1. With 50 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

Is IBM a buy, sell, or hold?

IBM has a consensus rating of "Hold" based on 50 Wall Street analysts. The rating breakdown is mixed, with 23 Hold ratings making up the largest segment. The consensus 12-month price target of $311.33 implies 25.0% upside from current levels.

Is IBM stock overvalued or undervalued?

IBM trades at a forward P/E of 20.043x, representing a moderate valuation. With analysts targeting $311.33 (25.0% implied move), the stock appears reasonably valued with upside.

How high can IBM stock go?

The most bullish Wall Street analyst has a price target of $360 for IBM, while the most conservative target is $225. The consensus of $311.33 represents the median expectation. Our quantitative valuation model projects a bull case target of $345 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover IBM stock?

IBM is heavily covered by Wall Street, with 50 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 22 have Buy ratings, 23 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the IBM stock forecast?

The 12-month IBM stock forecast based on 50 Wall Street analysts shows a consensus price target of $311.33, with estimates ranging from $225 (bear case) to $360 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $262, with bear/bull scenarios of $165/$345.

What is IBM's fair value based on fundamentals?

Our quantitative valuation model calculates IBM's fair value at $262 (base case), with a bear case of $165 and bull case of $345. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.

What is IBM's forward P/E ratio?

IBM trades at a forward P/E ratio of 20.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 22.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy IBM stock?

Wall Street analysts are very optimistic on IBM, with a "Hold" consensus rating and $311.33 price target (25.0% upside). 23 of 50 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do IBM price targets vary so much?

IBM analyst price targets range from $225 to $360, a 43% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $311.33 consensus represents the middle ground. Our model's $165-$345 range provides an independent fundamental perspective.

Consensus-Based Analysis Tools