RBC Capital Rates IBM Outperform, $270 Price Target

RBC Capital reaffirmed its Outperform rating on International Business Machines Corporation NYSE:IBM on October 22, 2026, keeping its price target steady at $270.00. The note came out as part of a wider round of Wall Street updates for the technology giant.

IBM International Business Machines Corporation

$248.05 ▼ -13.17% year to date

1M 3M YTD

Daily close · Oct 22, 2026

RBC Capital's Call on IBM

On October 22, 2026, RBC Capital issued a research note keeping its Outperform rating on the company. The firm left its price target unchanged at $270.00, matching its prior target for the stock.

Other Institutional Activity in IBM

Integrated Advisors Network trimmed its holdings in International Business Machines Corporation, cutting 8,292 shares to end with 9,305 shares worth about $2,046,409. That adjustment represented a 47.1% decrease for the fund.

International Business Machines Corporation Stock Up 2.9%

The stock recently traded around $248.97 on October 22, 2026, while the shares closed at $249.67 on that same day. The price sits 7.1% above its 50-day moving average of $232.39 and below its 200-day moving average of $250.92.

Recent Earnings

International Business Machines Corporation reported trailing twelve-month revenue of $69,094,998,016 alongside basic earnings of $11.72 per share. The business posted a net profit margin of 15.5% and a return on equity of 34.5%.

Dividend

The company pays an annual dividend rate of $6.76 per share, translating to a dividend yield of 2.69%. The payout ratio sits at 59.8%.

Insider Buying and Selling at International Business Machines Corporation

Insider activity over the prior months included purchases and sales by company leadership. David N. Farr bought 1,000 shares at $304.00 on January 30, 2026, for a total value of $304,000. Michelle J. Howard picked up 50 shares at $237.83 on February 25, 2026, totaling $11,891, while Michael Miebach bought 434 shares at $233.33 on the same day for $101,264. Later, Robert David Thomas sold 25,000 shares at $230.32 on August 26, 2026, worth $5,758,088.

Analysts Set New Price Targets

Several Wall Street firms updated their stances on October 22, 2026. Morgan Stanley maintained an Equal-Weight rating while lifting its target from $238.00 to $240.00. BMO Capital kept a Market Perform rating and raised its target from $230.00 to $265.00. Barclays maintained an Overweight rating and moved its target from $262.00 to $277.00. JP Morgan maintained an Overweight rating while moving its target from $250.00 to $269.00. Overall, the company holds a consensus buy rating with a mean price target of $243.09 across 23 analyst opinions.

About International Business Machines Corporation

International Business Machines Corporation provides hybrid cloud platforms, software, IT consulting, and infrastructure services to clients worldwide. The firm operates segments covering software, consulting, infrastructure, and financing to support digital and artificial intelligence transformations. These software platforms help clients run applications across various hybrid environments.

Bottom Line

Investors will continue to watch how the company's hybrid cloud software segment performs against analyst expectations. Additional filings and upcoming earnings reports will provide further insight into the firm's growth trajectory.