Top Wall Street Forecasters Revamp IBM Expectations Ahead Of Q3 Earnings

International Business Machines Corporation (NYSE:IBM) will release its third quarter earnings report after the closing bell on Wednesday, Oct. 21.

Analysts expect the Armonk, New York-based company to report quarterly earnings of $2.87 per share, up from $2.65 per share in the year-ago period. The consensus estimate for IBM’s quarterly revenue is $16.84 billion. It reported $16.33 billion last year, according to Benzinga Pro.

On Oct. 14, IBM announced a research collaboration with Siemens Energy AG (OTC:SMERY) to advance its next-generation nanostack semiconductor architecture.

Shares of International Business Machines rose 2.3% to close at $241.92 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Erik Woodring maintained an Equal-Weight rating and increased the price target from $190 to $238 on Oct. 15, 2026. This analyst has an accuracy rate of 81%.
• Truist Securities analyst Arvind Ramnani initiated coverage on the stock with a Hold rating and a price target of $240 on Oct. 9, 2026. This analyst has an accuracy rate of 51%.
• Susquehanna analyst James Friedman maintained a Neutral rating and raised the price target from $225 to $235 on Aug. 31, 2026. This analyst has an accuracy rate of 51%.
• Citigroup analyst Fatima Boolani maintained a Buy rating and cut the price target from $255 to $245 on July 24, 2026. This analyst has an accuracy rate of 81%.
• BMO Capital analyst Keith Bachman maintained a Market Perform rating and slashed the price target from $270 to $230 on July 23, 2026. This analyst has an accuracy rate of 78%.

Considering buying IBM stock? Here’s what analysts think:

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