Jefferies Raises IBM Price Target to $280

Jefferies reaffirmed its Buy rating on International Business Machines Corporation (NYSE: IBM) and lifted its price target from $270.00 to $280.00 on October 22, 2026. The research note arrived as the technology firm's shares trade near the upper end of their recent range, prompting a close look at how the new target lines up with current market prices.

IBM International Business Machines Corporation

$248.05 ▼ -13.17% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Jefferies's Call on International Business Machines Corporation

In its October 22, 2026 research note, Jefferies maintained its Buy rating on International Business Machines Corporation and bumped its target up to $280.00 from $270.00. Several other firms updated their views on the same day. UBS maintained a Neutral rating with a target of $243.00, moving up from $236.00. Citigroup kept its Buy rating while raising its target to $280.00 from $245.00. Morgan Stanley kept an Equal-Weight rating with a $240.00 target, up from $238.00. BMO Capital maintained a Market Perform rating and lifted its target from $230.00 to $265.00. Across the street, analysts hold a consensus Buy rating with a mean target price of $243.09 based on 23 opinions.

Other Institutional Activity in International Business Machines Corporation

Large funds adjusted their holdings around the time of the analyst updates. E. Ohman J:or Asset Management cut its stake by 172,607 shares, ending with 47,870 shares valued at about $10.5 million. Integrated Advisors Network reduced its holdings by 8,292 shares, leaving it with 9,305 shares worth roughly $2.0 million. James Hambro & Partners sold out entirely, liquidating its remaining 3,770 shares.

International Business Machines Corporation Stock Up 4.3%

International Business Machines Corporation shares recently traded around $252.27 on October 22, 2026, closing that day at $252.11. The stock sits above its 50-day moving average of $232.39 and near its 200-day moving average of $250.92. The recent price is about 24.1% below its 52-week high of $332.46 and roughly 26.6% above its 52-week low of $199.19. The company carries a market capitalization of roughly $236.9 billion and a trailing price-to-earnings ratio of 21.46.

Recent Earnings

International Business Machines Corporation posted trailing twelve month revenue of $69.09 billion alongside earnings of $11.72 per share. The firm operates with a net profit margin of 15.5% and a return on equity of 34.5%.

Dividend

International Business Machines Corporation pays an annual dividend rate of $6.76 per share, translating to a dividend yield of 2.69%. The payout ratio stands at 59.8%.

Insider Buying and Selling at International Business Machines Corporation

Company insiders executed several trades over recent months prior to the analyst updates. On January 30, 2026, Director David N. Farr bought 1,000 shares at $304.00 apiece for a total value of $304,000. Later in February, Director Michelle J. Howard bought 50 shares at $237.83 for $11,891, and Director Michael Miebach picked up 434 shares at $233.33 for a total of $101,264. On the selling side, officer Robert David Thomas disposed of 25,000 shares on August 26, 2026, at an average price of $230.32, totaling $5.76 million.

About International Business Machines Corporation

International Business Machines Corporation provides information technology services, software, and infrastructure solutions. Headquartered in Armonk, New York, the firm builds hybrid cloud and artificial intelligence platforms that help enterprise clients manage data and run digital transformations across diverse environments.

Bottom Line

Jefferies's upward revision places its target above the recent trading level of $252.27, reflecting confidence in the technology provider's software and hybrid cloud segments. Investors will watch upcoming financial reports and institutional filings to see if the broader market follows the lead of these higher price targets.