International Business Machines (NYSE:IBM) Price Target Cut to $245.00 by Analysts at Citigroup

International Business Machines (NYSE:IBM) had its price objective lowered by Citigroup from $255.00 to $245.00 in a research note published on Friday,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

Other research analysts have also issued reports about the company. Needham & Company LLC assumed coverage on International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Argus lowered their target price on shares of International Business Machines from $360.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 16th. BMO Capital Markets dropped their price objective on International Business Machines from $270.00 to $230.00 and set a “market perform” rating on the stock in a research note on Thursday. DZ Bank upgraded International Business Machines from a “hold” rating to a “buy” rating and set a $295.00 target price on the stock in a report on Friday, April 24th. Finally, Barclays lowered their price objective on shares of International Business Machines from $288.00 to $262.00 and set an “overweight” rating for the company in a research report on Thursday. Fifteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, International Business Machines currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.40.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $214.16 on Friday. International Business Machines has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.76 and a current ratio of 0.79. The business’s 50-day simple moving average is $262.92 and its 200-day simple moving average is $260.50. The firm has a market cap of $201.28 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 2.24 and a beta of 0.68.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.93. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.80 EPS. As a group, equities research analysts expect that International Business Machines will post 12.15 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be paid a $1.69 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $6.76 annualized dividend and a dividend yield of 3.2%. International Business Machines’s dividend payout ratio is currently 59.98%.

Institutional Investors Weigh In On International Business Machines

Several institutional investors and hedge funds have recently made changes to their positions in IBM. Basepoint Wealth LLC acquired a new position in International Business Machines in the fourth quarter valued at approximately $25,000. Family CFO Inc bought a new stake in shares of International Business Machines in the 4th quarter worth $25,000. Joseph Group Capital Management bought a new stake in International Business Machines in the 4th quarter worth about $28,000. Cornerstone Financial Management LLC purchased a new position in shares of International Business Machines in the 4th quarter worth approximately $28,000. Finally, SWAN Capital LLC purchased a new stake in shares of International Business Machines during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Trending Headlines about International Business Machines

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

• Positive Sentiment: Unusual options activity showed strong bullish interest, with traders buying 108,601 call options on IBM, about 35% above normal call volume. This suggests some investors are betting on a rebound.
• Positive Sentiment: Citigroup lowered its price target to $245 from $255 but kept a Buy rating, implying meaningful upside from current levels and signaling that some analysts still see value in the shares.
• Positive Sentiment: IBM announced a dividend of $1.69 per share, reinforcing its appeal to income-focused investors at a time when the stock has been under pressure.
• Neutral Sentiment: Recent commentary has turned split: some analysts and strategists view the post-earnings decline as a potential long-term opportunity, while others say IBM may be stuck in a holding pattern until growth reaccelerates. IBM: The Historic Stock Rout Is A Generational Opportunity
• Neutral Sentiment: IBM is still getting support from its long-term quantum computing strategy, including the announced acquisition of HRL Laboratories, which expands its quantum R&D capabilities. That could help sentiment, but the benefit is longer term rather than immediate.
• Negative Sentiment: The main reason the stock fell sharply is IBM’s Q2 report and lowered 2026 outlook: revenue missed expectations, mainframe sales weakened, and management cut full-year constant-currency revenue growth guidance after customers shifted spending toward AI infrastructure.
• Negative Sentiment: Shortly after the earnings slump, law firms announced securities-fraud investigations tied to IBM’s disclosures about the mainframe slowdown, adding legal overhang and uncertainty for shareholders.

About International Business Machines

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.