International Business Machines (NYSE: IBM) Stock Analysis: Price Target and Earnings Outlook

• Truist Financial analyst sets a $240.00 price target for International Business Machines (NYSE: IBM).
• IBM's stock closed at $226.61 on October 8, 2026, with upcoming earnings expected on October 21.
• Analysts forecast earnings of $2.89 per share and revenue of $16.82 billion, but an earnings preview suggests a "Hold" rating due to potential overvaluation.

International Business Machines (NYSE: IBM) provides software, consulting and technology services to businesses. Arvind Ramnani of Truist Financial sets a $240.00 price target for the stock. That is $13.39, or about 5.90%, above its $226.61 price when the target is posted.

IBM closes at $226.61 on October 8, 2026, up $6.10, or 2.77%, as highlighted by Zacks. The gain comes while the S&P 500 falls 0.47% and the Nasdaq declines 1.25%. A price target is an analyst’s estimate of where a stock may trade, not a guaranteed return.

The target follows a weaker stretch for IBM. Before that session, the shares fall 8.10% over the period cited by Zacks, while the Computer and Technology sector gains 6.08% and the S&P 500 gains 1.15%.

IBM is scheduled to report earnings on October 21. Analysts expect earnings of $2.89 per share, up 9.06% from a year earlier, and revenue of $16.82 billion, up 3.02%. Earnings per share show how much profit is attributed to each share of stock.

An earnings preview rates IBM a “Hold,” citing possible overvaluation and modest growth, as highlighted by Seeking Alpha. It notes that recurring software revenue remains strong, but delayed deals and uneven software sales add uncertainty ahead of the report.