JPMorgan Chase & Co. Upgrades International Business Machines (NYSE:IBM) to Overweight

International Business Machines (NYSE:IBM) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a $291.00 target price on the technology company’s stock, up from their prior target price of $270.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 15.02% from the company’s previous close.

A number of other analysts have also recently weighed in on IBM. Jefferies Financial Group dropped their target price on shares of International Business Machines from $370.00 to $320.00 and set a “buy” rating on the stock in a report on Monday, April 20th. DZ Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 price target for the company in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of International Business Machines in a research report on Thursday, May 28th. Roth Mkm reissued a “buy” rating on shares of International Business Machines in a report on Wednesday, June 3rd. Finally, Wedbush set a $350.00 target price on International Business Machines in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $304.61.

International Business Machines Price Performance

Shares of NYSE IBM opened at $252.99 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $237.79 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.58 and a beta of 0.66. International Business Machines has a twelve month low of $212.34 and a twelve month high of $332.46. The business has a 50 day simple moving average of $251.77 and a 200-day simple moving average of $268.17.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the business posted $1.60 earnings per share. As a group, equities research analysts expect that International Business Machines will post 12.38 earnings per share for the current year.

Hedge Funds Weigh In On International Business Machines

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC increased its position in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after acquiring an additional 2,323 shares during the period. Sivia Capital Partners LLC boosted its position in International Business Machines by 10.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock worth $571,000 after acquiring an additional 186 shares during the period. Jump Financial LLC bought a new position in shares of International Business Machines in the second quarter worth $211,000. Ieq Capital LLC grew its stake in shares of International Business Machines by 2.2% in the second quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock worth $11,383,000 after purchasing an additional 843 shares in the last quarter. Finally, Vivaldi Capital Management LP increased its holdings in shares of International Business Machines by 11.6% during the second quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock valued at $300,000 after purchasing an additional 106 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM announced a partnership with OpenAI to integrate advanced AI into enterprise security, a move that could strengthen IBM’s AI and cybersecurity revenue growth. IBM partners with OpenAI on enterprise security AI
• Positive Sentiment: IBM said it joined the OpenAI Daybreak Cyber Partner Program and launched a new application security service, reinforcing its positioning in AI-driven security tools. IBM and OpenAI Bring Frontier AI to Cyber Defense–Helping Enterprises Keep Pace with Machine-Speed Threats
• Positive Sentiment: Trump’s quantum-computing executive orders and public praise for IBM CEO Arvind Krishna added momentum to IBM shares by boosting optimism around the company’s quantum technology efforts. Trump Fast-Tracks Quantum Computing With New Executive Orders
• Positive Sentiment: IBM’s AI-powered Wimbledon 2026 features and modernized digital platforms highlight ongoing demand for its enterprise AI software and customer-facing technology. Wimbledon and IBM Introduce New AI-Powered Fan Experiences and Modernized Digital Platforms for The Championships 2026
• Neutral Sentiment: Unusually heavy call-option buying signaled elevated trader interest and speculation, but it does not by itself confirm a fundamental change in IBM’s outlook.
• Neutral Sentiment: Recent market commentary noted IBM was gaining even as the broader market dipped, suggesting relative strength rather than a company-specific warning sign. IBM (IBM) Gains As Market Dips: What You Should Know

International Business Machines Company Profile

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.