JPMorgan Chase & Co. Lowers International Business Machines (NYSE:IBM) Price Target to $250.00

International Business Machines (NYSE:IBM) had its target price dropped by research analysts at JPMorgan Chase & Co. from $291.00 to $250.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 17.62% from the stock’s current price.

Several other research firms have also weighed in on IBM. Stifel Nicolaus set a $290.00 price target on International Business Machines in a research report on Friday, May 22nd. KeyCorp downgraded International Business Machines to a “sector weight” rating in a report on Tuesday, June 23rd. BMO Capital Markets decreased their target price on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. Wedbush set a $350.00 target price on shares of International Business Machines in a report on Tuesday, June 2nd. Finally, Bank of America upped their price target on shares of International Business Machines from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Fifteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $292.89.

International Business Machines Stock Performance

IBM stock opened at $212.54 on Friday. The business’s 50-day moving average price is $263.84 and its two-hundred day moving average price is $263.58. 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 firm has a market cap of $199.76 billion, a PE ratio of 18.79, a P/E/G ratio of 2.07 and a beta of 0.68. International Business Machines has a 1-year low of $204.44 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The company had revenue of $15.92 billion during the quarter, compared to analysts’ expectations of $15.60 billion. During the same quarter in the prior year, the company earned $1.60 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts forecast that International Business Machines will post 12.28 earnings per share for the current year.

Institutional Trading of International Business Machines

Several large investors have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in International Business Machines by 424.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 260,740 shares of the technology company’s stock worth $77,234,000 after buying an additional 211,040 shares during the last quarter. GLOBALT Investments LLC GA grew its position in International Business Machines by 19.1% during the fourth quarter. GLOBALT Investments LLC GA now owns 18,288 shares of the technology company’s stock valued at $5,417,000 after acquiring an additional 2,930 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of International Business Machines by 30.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 13,122 shares of the technology company’s stock worth $3,887,000 after acquiring an additional 3,029 shares in the last quarter. Rice Partnership LLC purchased a new position in shares of International Business Machines during the fourth quarter worth approximately $3,317,000. Finally, Sage Investment Advisers LLC bought a new stake in shares of International Business Machines in the 4th quarter worth approximately $4,101,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Key International Business Machines News

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

• Positive Sentiment: IBM launched new Power server products aimed at automation, app modernization, and local AI inferencing, which could support its enterprise AI push over time.
• Positive Sentiment: JPMorgan kept an overweight rating on IBM even after cutting its price target to $250, indicating Wall Street still sees upside from current levels.
• Positive Sentiment: Some analysts say the stock’s sharp decline may have pushed it into oversold territory, which could attract bargain hunters if sentiment stabilizes.
• Neutral Sentiment: IBM heads into its July 22 earnings report with investors focused on whether the company can validate its AI and cloud momentum after the warning.
• Neutral Sentiment: Analysts at Zacks and others are debating whether the selloff is an opportunity or a sign to wait, reflecting uncertainty rather than a clear fundamental shift.
• Negative Sentiment: IBM’s preliminary Q2 miss and weak near-term outlook are the main reasons the stock is falling, as they suggest slower growth and margin pressure.
• Negative Sentiment: Multiple law firms have announced securities-fraud investigations after the plunge, which can keep negative headlines around the stock.
• Negative Sentiment: Analyst sentiment is turning more cautious, with some estimate reductions and technical warnings reinforcing bearish momentum.

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.