JPMorgan Chase & Co. Has Lowered Expectations for International Business Machines (NYSE:IBM) Stock Price

Posted by Brenda Bartman on Jul 17th, 2026

International Business Machines (NYSE:IBM – Get Free Report) had its price target dropped by JPMorgan Chase & Co. from $291.00 to $250.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 18.30% from the company’s current price.

A number of other analysts have also weighed in on the company. Citigroup reiterated a “buy” rating on shares of International Business Machines in a research note on Friday. Sanford C. Bernstein restated a “market perform” rating on shares of International Business Machines in a report on Thursday. Wall Street Zen raised shares of International Business Machines from a “sell” rating to a “hold” rating in a research note on Sunday, June 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of International Business Machines in a research report on Tuesday, June 23rd. Finally, Argus reduced their target price on shares of International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday. Fifteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, International Business Machines has an average rating of “Moderate Buy” and a consensus target price of $299.56.

View Our Latest Analysis on IBM

International Business Machines Trading Down 3.5%

Shares of NYSE IBM traded down $7.72 during trading hours on Friday, hitting $211.33. 4,233,622 shares of the company traded hands, compared to its average volume of 7,979,759. The stock has a market capitalization of $198.63 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.06 and a beta of 0.68. The company’s 50 day moving average price is $264.17 and its 200 day moving average price is $263.94. International Business Machines has a 12 month low of $204.44 and a 12 month high of $332.46. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.

International Business Machines (NYSE:IBM – Get Free Report) last posted its quarterly earnings data 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 net margin of 15.61% and a return on equity of 37.23%. The company had revenue of $15.92 billion during the quarter, compared to analyst estimates of $15.60 billion. During the same period in the previous year, the firm earned $1.60 earnings per share. International Business Machines’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that International Business Machines will post 12.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IBM. Norges Bank purchased a new position in International Business Machines in the fourth quarter valued at about $2,446,429,000. Capital World Investors lifted its position in shares of International Business Machines by 29.2% during the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after buying an additional 4,976,756 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of International Business Machines by 83.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company’s stock valued at $1,663,847,000 after buying an additional 2,553,552 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of International Business Machines by 359.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company’s stock worth $561,814,000 after buying an additional 1,484,026 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of International Business Machines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after acquiring an additional 1,439,824 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

More International Business Machines News

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

Positive Sentiment: IBM continues to position itself for enterprise AI adoption, including a new Power S1112 server aimed at local AI inferencing and broader workload modernization.
Neutral Sentiment: Some Wall Street analysts still maintain bullish ratings and believe IBM’s valuation now reflects a lot of bad news.
Negative Sentiment: IBM’s preliminary Q2 results missed revenue and earnings expectations, signaling weaker-than-expected enterprise demand and a slower near-term growth outlook.
Negative Sentiment: Multiple law firms have launched securities-fraud investigations into IBM after the sharp stock drop, which could keep pressure on investor sentiment.

International Business Machines Company Profile

(Get Free Report)

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.