International Business Machines (IBM) Stock News

RBC Capital has maintained its price target for IBM at $270.00 per share.

Truist analyst Arvind Ramnani launched coverage on IBM with a Hold rating and $240 price target, implying modest upside. He is constructive on IBM's structural position in enterprise computing but cautious on near-term execution, citing timing uncertainty around AI infrastructure spending and the need for deferred contracts to close without steep discounting. The stock trades at roughly 17 times forward earnings, a slight discount to the S&P 500.

Truist analyst Arvind Ramnani launched coverage on IBM with a Hold rating and $240 price target, implying modest upside. He is constructive on IBM's structural position in enterprise computing but cautious on near-term execution, citing timing concerns around AI spending and recent earnings miss. Shares ticked down 0.5% premarket.

Truist Securities has started coverage of IBM with a Hold rating. No price target was disclosed in the report.

IBM has been selected for Stage C of DARPA's Quantum Benchmarking Initiative, moving to the hardware testing phase. The program aims to determine if a fault-tolerant quantum computer can be built by 2033. IBM expects to deliver its first fault-tolerant system, IBM Quantum Starling, in 2029.

IBM will hold its Q3 2026 earnings conference call on Wednesday, October 21 at 5:00 p.m. ET. The earnings press release will be issued before the call.

IBM announced IBM Ready for SAP Solutions to help midsize and fast-growing organizations accelerate cloud ERP modernization, unify enterprise data, and establish an AI-ready digital core. Volumetric Building Companies cut operational cycle times by 50% after a three-month SAP Cloud ERP transformation with IBM. Second Nature Brands integrated its Voortman acquisition onto a common SAP platform. The solution combines IBM's industry expertise, fit-to-standard delivery, and IBM Consulting Advantage AI platform. Available in limited countries initially.

Lightwell identified and fixed 400+ vulnerabilities in widely used Java libraries. Lightwell Clearinghouse is now GA, letting enterprises request priority remediation. The service targets the risk of AI agents chaining low-risk bugs into attacks.

Zapata Quantum joins IBM Quantum Network to develop mission-critical quantum applications.

IBM elected Frank Baker, co-founder and managing partner of Siris Capital Group, to its board of directors effective October 1. Siris has deployed more than $9 billion in equity capital across technology and telecom companies. Baker brings private equity and M&A experience from Goldman Sachs and Ripplewood.

IBM announced self-hosted deployment for its agentic software development platform IBM Bob, allowing organizations to run AI software development on-premises, in private clouds, sovereign clouds, and air-gapped environments. The move addresses data residency and governance needs for regulated industries.

Dow falls 205 points as Walmart, IBM, Home Depot weigh; Disney gains.

The Dow Jones Industrial Average fell 132 points (0.3%) in Thursday afternoon trading. IBM shares dropped $4.76 (2.1%) and Walmart fell $1.95 (1.8%), combining for roughly a 40-point drag on the index. Goldman Sachs, Microsoft, and Nvidia also contributed to the decline. A $1 move in any Dow component equates to a 5.94-point swing.

IBM enables financial institutions to connect to Swift's blockchain shared ledger for tokenized deposit transactions in beta, and extends Digital Asset Haven to on-premises beta deployment. 17 first-mover institutions are piloting tokenized deposits on the Swift ledger using IBM infrastructure.

Marist University and IBM announced a new Innovation Incubator that includes an IBM z17 mainframe for AI research across marketing, finance, and polling. The partnership, now more than 50 years old, is expanding beyond computer science to a university-wide AI ecosystem.

IBM's study found 60% of employees worry AI erodes their skills, most often critical thinking. CHROs prioritize human judgment but 46% of organizations exclude them from AI strategy. Clear human-AI workflows yield 18% risk reduction and 20% quality improvement. The research underscores a growing need for workforce reskilling and governance—a potential tailwind for IBM's consulting business.

Anderon, an IBM company, finalized a $1 billion CHIPS Act award with the U.S. Department of Commerce to expand quantum wafer manufacturing in Albany, New York. IBM has separately committed $1 billion, bringing total support to $2 billion.

IBM and NASA have released an open-source AI model designed to support lunar exploration. The model aims to assist with data analysis and decision-making for missions to the Moon. The announcement reinforces IBM's role in space technology.

IBM and Lockheed Martin announced a Swiss Quantum Innovation Hub at ETH Zurich, featuring Switzerland's first IBM quantum computer. The hub will focus on quantum computing research and development.

IBM connects two cryogenic modules for quantum computing.

IBM and Together AI signed a $240 million deal to build a large-scale Nvidia-powered AI inference cluster on IBM Cloud. The cluster will use Nvidia GPUs. No timeline or further details have been released.