Barclays Raises IBM Price Target to $277

Barclays reaffirmed its Overweight rating on International Business Machines Corporation (NYSE: IBM) on October 22, 2026, while raising its price target on the stock from $262.00 to $277.00. The research note highlights the firm's continued confidence in the technology giant's ongoing market position and strategic direction.

IBM International Business Machines Corporation

$248.05 ▼ -13.17% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Barclays's Call on International Business Machines Corporation

In its October 22, 2026 note, Barclays kept an Overweight rating on International Business Machines Corporation. The firm also bumped its price target up by $15.00 to $277.00 from its previous target of $262.00. Analyst ratings reflect a firm's forward-looking view of a stock's potential performance over a typical 12-month horizon.

International Business Machines Corporation Stock Up 2.9%

International Business Machines Corporation shares recently traded around $248.97 on October 22, 2026, while closing that session at $249.67. The stock sits about 7.1% above its 50-day moving average of $232.39, though it trades slightly below its 200-day moving average of $250.92. Over the past year, shares have traded as low as $199.19 and as high as $332.46. The company carries a market capitalization of roughly $236.91 billion and trades at a price-to-earnings ratio of 21.46.

Recent Earnings

International Business Machines Corporation reported trailing twelve-month revenues of $69.10 billion and earnings of $11.72 per share. The technology firm posted a net profit margin of 15.5% alongside a return on equity of 34.5%.

Dividend

International Business Machines Corporation pays an annual dividend of $6.76 per share, which translates to a dividend yield of 2.69%. That payout is supported by a dividend payout ratio of 59.8%.

Insider Buying and Selling at International Business Machines Corporation

Company insiders executed several transactions prior to the rating update, including open-market purchases by directors and a sale by an officer.

Analysts Set New Price Targets

Several other firms updated their views on the same day, including Morgan Stanley, BMO Capital, RBC Capital, and JP Morgan.

About International Business Machines Corporation

Headquartered in Armonk, New York, International Business Machines Corporation provides integrated enterprise solutions, software, consulting, and infrastructure services globally. The company focuses on hybrid cloud platforms and artificial intelligence solutions that support digital transformations for business clients across various industries.

Bottom Line

Barclays's decision to raise its price target reflects a constructive outlook on International Business Machines Corporation. Investors will continue tracking upcoming earnings releases and broader technology sector trends to gauge whether the stock can approach the new $277.00 target.