IBM, US4592001014

Bank of America keeps USD 280 target as IBM stock sits 30.17 percent below its high

Published on 10/19/2026 at 10:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IBM reported USD 17.16 billion revenue for the second quarter, up 1.10 percent. IBM stock costs EUR 207.80 on October 19, 2026, versus Xetra's EUR 205.85.

Analyst target and operating test

Bank of America kept its USD 280.00 IBM target on October 15, 2026.
IBM software revenue reached USD 7.76 billion in the second quarter, up 5.00 percent.
IBM stock trades at EUR 207.80 at 10:06 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.95 percent above the Xetra close of October 16, 2026.

Overhead flat lay product photograph on warm natural wood showing a plain unbranded black closed laptop, a multi-port USB hub, a USB flash drive, a dark hardcover notebook with elastic band, and a black pen, all arranged with deliberate spacing under warm — IBM Enterprise Werkzeuge Notebook USB Hub Stick Notizbuch und Stift auf Holz US4592001014, Illustration mit AI erstellt.

IBM stock (ISIN US4592001014) traded at EUR 207.80 at Lang & Schwarz on October 19, 2026 at 10:06 a.m. CEST, 0.95 percent above the Xetra close of October 16, 2026 at EUR 205.85. Bank of America kept its Buy rating and USD 280.00 price target on October 15, 2026, according to TheStreet.

Bank target holds at USD 280

The analyst view rests on a mixed operating picture. IBM's software unit generated USD 7.76 billion in the second quarter, an increase of 5.00 percent, while IBM Z revenue fell 42.00 percent in the same period, TheStreet reported. Software therefore provides the growth cushion, but the mainframe business remains the central execution risk.

Three dates explain IBM's reset

The recent chronology runs from the USD 11.00 billion Confluent acquisition on March 17, 2026, to a July 14 warning that preliminary revenue of USD 17.20 billion fell USD 660.00 million short of forecasts, followed by a 25.00 percent share-price decline, according to TheStreet. The latest event was Bank of America's October 15, 2026 target decision at USD 280.00.

What does the next report test?

IBM is scheduled to discuss third-quarter 2026 results on October 21, 2026, with the conference call at 5:00 p.m. ET, according to the company's release dated October 7, 2026, from IBM. The report will put software growth, mainframe demand and the company's outlook alongside the second-quarter revenue of USD 17.16 billion and operating margin of 17.00 percent.

Valuation remains below the yearly high

The primary-market quote was USD 232.14 on October 16, 2026, while the 52-week range was USD 199.19 to USD 332.46. That places the share 30.17 percent below the high, a wider valuation gap than the modest 0.95 percent euro gain at Lang & Schwarz on October 19, 2026.

IBM stock trades above Xetra close

IBM stock was trading at EUR 207.80 at Lang & Schwarz on October 19, 2026 at 10:06 a.m. CEST, 0.95 percent above the Xetra close of October 16, 2026 at EUR 205.85. The primary exchange is the NYSE, where IBM was last quoted at USD 232.14 on October 16, 2026. The further course of trading is shown by the continuously updated real-time quote of IBM stock.