Robert W. Baird Upgrades International Business Machines (NYSE:IBM) to “Hold”

International Business Machines (NYSE:IBM) was upgraded by Robert W. Baird to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

IBM has been the subject of a number of other reports. Roth Capital reiterated a “buy” rating on shares of International Business Machines in a research note on Wednesday, June 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $270.00 price target on shares of International Business Machines in a report on Tuesday. Barclays decreased their price objective on shares of International Business Machines from $350.00 to $288.00 and set an “overweight” rating for the company in a report on Tuesday. Wedbush set a $350.00 price target on International Business Machines in a research report on Tuesday, June 2nd. Finally, Morgan Stanley upped their price target on shares of International Business Machines from $267.00 to $293.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Fifteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Moderate Buy” and an average target price of $278.68.

International Business Machines Trading Down 2.1%

NYSE IBM opened at $206.03 on Tuesday. The firm’s 50 day moving average price is $263.26 and its two-hundred day moving average price is $261.42. The stock has a market cap of $193.64 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.27 and a beta of 0.68. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. International Business Machines has a twelve month low of $204.44 and a twelve month high of $332.46.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.48 billion. During the same period in the prior year, the firm posted $2.80 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Equities analysts anticipate that International Business Machines will post 12.19 EPS for the current year.

Institutional Trading of International Business Machines

A number of institutional investors and hedge funds have recently modified their holdings of the company. Family CFO Inc bought a new position in shares of International Business Machines during the 4th quarter worth about $25,000. Basepoint Wealth LLC bought a new stake in International Business Machines in the fourth quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new position in International Business Machines in the first quarter worth about $26,000. Joseph Group Capital Management bought a new position in International Business Machines during the fourth quarter worth about $28,000. Finally, Cornerstone Financial Management LLC acquired a new stake in International Business Machines during the fourth quarter valued at approximately $28,000. 58.96% of the stock is currently owned by institutional investors.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: IBM said it will acquire HRL Laboratories, a private quantum research lab, to expand its quantum computing strategy and strengthen its work in silicon-spin qubits and quantum sensing. The deal may reinforce IBM’s long-term AI/quantum growth narrative. Article Title
• Positive Sentiment: Some analysts and market commentary say the post-earnings selloff may have been overdone, noting that delayed enterprise deals could still close and that IBM’s AI demand and free-cash-flow profile remain important longer-term supports. Article Title
• Positive Sentiment: IBM reported Q2 EPS of $2.93, matching estimates, and shares initially found support as investors focused on the company’s long-term AI and productivity initiatives rather than just the revenue miss. Article Title
• Neutral Sentiment: Robert W. Baird upgraded IBM to Hold, which may help stabilize sentiment but does not signal a strong bullish call. Article Title
• Negative Sentiment: IBM cut its full-year revenue growth outlook after a Q2 revenue miss, with management pointing to customer spending shifting toward AI infrastructure and a sharp drop in Z mainframe sales. That weaker guidance is the main reason the stock is down today. Article Title
• Negative Sentiment: Multiple reports highlighted that IBM’s mainframe revenue fell sharply and that the company’s trimmed 2026 outlook raises concern about near-term growth and execution, which continues to weigh on the shares. Article Title

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.