Citigroup Raises IBM Price Target to $280

Citigroup reaffirmed its Buy rating on International Business Machines Corporation IBM on October 22, 2026, while raising its price target from $245.00 to $280.00. The research note outlines a positive outlook for the technology provider as Wall Street firms adjust their views on the stock.

IBM International Business Machines Corporation

$248.05 ▼ -13.17% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Citigroup's Call on International Business Machines Corporation

On October 22, 2026, Citigroup kept its Buy rating in place and bumped up its target by $35.00 to $280.00. The adjustment follows earlier moves by the firm in other sectors on the same day.

International Business Machines Corporation Stock Up 4.3%

International Business Machines Corporation recently traded around $252.27 on October 22, 2026, with an event closing price of $252.11. The shares sit above both their 50-day moving average of $232.39 and their 200-day moving average of $250.92.

Recent Earnings

For the trailing twelve months, the company posted $69.1 billion in revenue and earnings per share of $11.72. The net profit margin stood at 15.5% with a return on equity of 34.5%.

Dividend

Shareholders receive an annual dividend rate of $6.76 per share, resulting in a dividend yield of 2.69% based on recent trading levels. The payout ratio sits at 59.8%.

Insider Buying and Selling at International Business Machines Corporation

Insider transactions included purchases by directors earlier in the year, such as David N. Farr buying 1,000 shares on January 30, 2026, for $304,000. Michelle J. Howard picked up 50 shares on February 25, 2026, for $11,891, while Michael Miebach bought 434 shares on the same day for $101,264. Later, on August 26, 2026, officer Robert David Thomas sold 25,000 shares for a total value of $5,758,088.

Analysts Set New Price Targets

Other Wall Street firms updated their views on October 22, 2026. Jefferies maintained its Buy rating and raised its target from $270.00 to $280.00. UBS kept a Neutral rating while lifting its target from $236.00 to $243.00. Morgan Stanley maintained an Equal-Weight rating with a target moving from $238.00 to $240.00. BMO Capital kept a Market Perform rating and raised its target from $230.00 to $265.00. Across the broader market, 23 analysts maintain a consensus Buy recommendation with a mean price target of $243.09.

About International Business Machines Corporation

Headquartered in Armonk, New York, International Business Machines Corporation provides information technology services and solutions through software, consulting, infrastructure, and financing segments. Its software offerings focus on hybrid cloud and artificial intelligence platforms that help clients manage digital transformations.

Bottom Line

Citigroup's raised target places it above the current consensus average among analysts. Investors will monitor upcoming earnings reports and further institutional notes to gauge how well the technology provider executes on its cloud and artificial intelligence strategies.