Analysts’ Recent Ratings Changes for International Business Machines (IBM)

Several analysts have recently updated their ratings and price targets for International Business Machines (NYSE: IBM):

• 7/24/2026 – International Business Machines had its price target lowered by Susquehanna from $303.00 to $225.00. They now have a “neutral” rating on the stock.
• 7/24/2026 – International Business Machines had its price target lowered by Citigroup Inc. from $255.00 to $245.00. They now have a “buy” rating on the stock.
• 7/23/2026 – International Business Machines had its price target lowered by BMO Capital Markets from $270.00 to $230.00. They now have a “market perform” rating on the stock.
• 7/23/2026 – International Business Machines was given a new $270.00 price target by The Goldman Sachs Group, Inc..
• 7/23/2026 – International Business Machines had its price target lowered by Morgan Stanley from $293.00 to $190.00. They now have an “equal weight” rating on the stock.
• 7/23/2026 – International Business Machines had its price target lowered by Barclays PLC from $288.00 to $262.00. They now have an “overweight” rating on the stock.
• 7/21/2026 – International Business Machines is now covered by Robert W. Baird. They set a “neutral” rating and a $230.00 price target on the stock.
• 7/21/2026 – International Business Machines had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $270.00 price target on the stock.
• 7/21/2026 – International Business Machines had its price target lowered by Barclays PLC from $350.00 to $288.00. They now have an “overweight” rating on the stock.
• 7/21/2026 – International Business Machines had its price target lowered by Jefferies Financial Group Inc. from $320.00 to $260.00. They now have a “buy” rating on the stock.
• 7/21/2026 – International Business Machines was upgraded by Robert W. Baird to “hold”.
• 7/20/2026 – International Business Machines had its price target lowered by Stifel Nicolaus from $290.00 to $235.00. They now have a “buy” rating on the stock.
• 7/18/2026 – International Business Machines was downgraded by Wall Street Zen from “hold” to “sell”.
• 7/17/2026 – International Business Machines had its price target lowered by Citigroup Inc. from $375.00 to $255.00. They now have a “buy” rating on the stock.
• 7/17/2026 – International Business Machines had its price target lowered by JPMorgan Chase & Co. from $291.00 to $250.00. They now have an “overweight” rating on the stock.
• 7/16/2026 – International Business Machines was given a new $175.00 price target by HSBC Holdings plc. They now have a “reduce” rating on the stock.
• 7/16/2026 – International Business Machines had its “market perform” rating reaffirmed by Sanford C. Bernstein.
• 7/16/2026 – International Business Machines had its price target lowered by Argus from $360.00 to $280.00. They now have a “buy” rating on the stock.
• 7/15/2026 – International Business Machines was downgraded by Oppenheimer Holdings, Inc. from “outperform” to “market perform”.
• 7/14/2026 – International Business Machines was downgraded by HSBC Holdings plc from “hold” to “reduce”. They now have a $191.00 price target on the stock, down from $231.00.
• 7/14/2026 – International Business Machines had its “outperform” rating reaffirmed by Oppenheimer Holdings, Inc.. They now have a $350.00 price target on the stock, up from $320.00.
• 7/14/2026 – International Business Machines had its price target raised by Morgan Stanley from $267.00 to $293.00. They now have an “equal weight” rating on the stock.
• 7/10/2026 – International Business Machines is now covered by Susquehanna. They set a “neutral” rating and a $303.00 price target on the stock.
• 7/6/2026 – International Business Machines had its price target raised by Bank of America Corporation from $315.00 to $330.00. They now have a “buy” rating on the stock.
• 6/24/2026 – International Business Machines was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
• 6/23/2026 – International Business Machines is now covered by Jefferies Financial Group Inc.. They set a “buy” rating on the stock.
• 6/23/2026 – International Business Machines was upgraded by Morgan Stanley from “equal weight” to “overweight”.
• 6/23/2026 – International Business Machines was downgraded by Wolfe Research to “peer perform”.
• 6/23/2026 – International Business Machines was upgraded by Piper Sandler to “overweight”.
• 6/23/2026 – International Business Machines was downgraded by KeyCorp to “sector weight”.
• 6/23/2026 – International Business Machines is now covered by Susquehanna. They set a “neutral” rating on the stock.
• 6/23/2026 – International Business Machines had its “outperform” rating reaffirmed by Royal Bank Of Canada.
• 6/23/2026 – International Business Machines had its price target raised by Morgan Stanley from $225.00 to $267.00. They now have an “equal weight” rating on the stock.
• 6/23/2026 – International Business Machines was upgraded by JPMorgan Chase & Co. from “neutral” to “overweight”. They now have a $291.00 price target on the stock, up from $270.00.
• 6/21/2026 – International Business Machines was upgraded by Wall Street Zen from “sell” to “hold”.
• 6/13/2026 – International Business Machines was downgraded by Wall Street Zen from “hold” to “sell”.
• 6/9/2026 – International Business Machines was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 6/3/2026 – International Business Machines is now covered by Needham & Company LLC. They set a “buy” rating on the stock.
• 6/3/2026 – International Business Machines had its “buy” rating reaffirmed by Roth Capital.
• 6/2/2026 – International Business Machines had its price target raised by Citigroup Inc. from $285.00 to $375.00. They now have a “buy” rating on the stock.
• 6/2/2026 – International Business Machines was given a new $350.00 price target by Wedbush.
• 6/1/2026 – International Business Machines is now covered by Barclays PLC. They set an “overweight” rating and a $350.00 price target on the stock.
• 6/1/2026 – International Business Machines is now covered by Barclays PLC. They set an “overweight” rating and a $350.00 price target on the stock.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $1.69 dividend. The ex-dividend date is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. International Business Machines’s dividend payout ratio (DPR) is 59.98%.

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.