JP Morgan Raises IBM Price Target to $269

JP Morgan maintained its Overweight rating on International Business Machines Corporation IBM on October 22, 2026, while lifting its price target from $250.00 to $269.00. The research note outlines a positive view on the technology giant as shares trade close to the newly established target level.

IBM International Business Machines Corporation

$248.05 ▼ -13.17% year to date

1M 3M YTD

Daily close · Oct 22, 2026

JP Morgan's Call on IBM

In its research note published on October 22, 2026, JP Morgan kept its Overweight rating intact on International Business Machines Corporation and nudged its price target higher by $19.00 to reach $269.00. The prior target sat at $250.00. The firm remains constructive on the company's prospects as software and hybrid cloud offerings continue to shape enterprise technology budgets.

International Business Machines Corporation Stock Up 2.3%

Shares of International Business Machines Corporation recently traded around $247.43 as of October 22, 2026, down about 0.5% from an event-day close of $248.64. The stock trades about 6.5% above its 50-day moving average of $232.39 and roughly 1.4% below its 200-day moving average of $250.92. The market capitalization stands at approximately $236.9 billion, with a price-to-earnings ratio of 21.46.

Recent Earnings

International Business Machines Corporation reports trailing twelve-month revenue of $69.1 billion alongside an earnings per share figure of $11.72. The company operates with a net profit margin of 15.5% and a return on equity of 34.5%, showing steady profitability across its software and consulting segments.

Dividend

International Business Machines Corporation pays an annual dividend of $6.76 per share, giving the stock a dividend yield of 2.69%.

Insider Buying and Selling at International Business Machines Corporation

Company insiders have executed a mix of open-market transactions over recent months. On January 30, 2026, Director David N Farr bought 1,000 shares at $304.00 apiece for a total of $304,000. Later, on February 25, 2026, Director Michelle J. Howard bought 50 shares at $237.83 each, totaling $11,891, while Director Michael Miebach acquired 434 shares at $233.33 each for $101,264. Earlier in the year on August 26, 2026, Officer Robert David Thomas sold 25,000 shares at $230.32 each, totaling $5,758,088.

Analysts Set New Price Targets

Wall Street firms updated their outlooks on October 22, 2026. Barclays maintained its Overweight rating and raised its target from $262.00 to $277.00. RBC Capital reiterated an Outperform rating with a steady target of $270.00. Stifel maintained a Buy rating while lifting its target from $235.00 to $260.00, and Susquehanna maintained a Neutral rating while raising its target from $235.00 to $256.00. Consensus analyst data shows a mean price target of $243.09 across 23 opinions.

About International Business Machines Corporation

Headquartered in Armonk, New York, International Business Machines Corporation provides information technology services, software solutions, and consulting infrastructure to corporate clients globally. The firm focuses heavily on hybrid cloud computing and artificial intelligence platforms that help businesses modernize their data environments.

Bottom Line

JP Morgan's updated target highlights confidence in the technology provider's long-term strategy as shares hover near key moving averages. Investors will continue monitoring upcoming earnings reports and analyst revisions to see if market prices catch up to the new $269.00 target.