IBM, US4592001014

IBM stock: Morgan Stanley raises target for IBM stock to USD 238.00

Published on 10/20/2026 at 15:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IBM schedules third-quarter results for October 21, 2026. IBM stock costs EUR 211.70 on October 20, 2026, up 1.17 percent versus the Xetra close.

Analyst target and earnings date

Morgan Stanley lifted its IBM target from USD 190.00 to USD 238.00 on October 15, 2026.
IBM reported USD 17.16 billion in second-quarter 2026 revenue, up 1.10 percent year over year.
IBM stock costs EUR 211.70 at Lang & Schwarz on October 20, 2026 at 3:32 p.m. CEST, 1.17 percent above the Xetra close of October 19, 2026.
IBM will discuss third-quarter 2026 results on October 21, 2026, at 5:00 p.m. ET.

Isometric 3D illustration of a five-tier enterprise technology architecture stack with floating platforms, each tier depicting a different domain: cloud infrastructure, artificial intelligence, quantum computing, consulting workflow, and software foundati — IBM Enterprise Tech Stack isometrisch mit Cloud AI Quantum und Consulting Sektoren US4592001014, Illustration mit AI erstellt.

IBM (ISIN US4592001014) remains in the analyst spotlight after Markets Insider reported on October 15, 2026 that Morgan Stanley raised its price target from USD 190.00 to USD 238.00 while keeping an Equal Weight rating. IBM stock was trading at EUR 211.70 at Lang & Schwarz on October 20, 2026 at 3:32 p.m. CEST, 1.17 percent above the Xetra close of October 19, 2026 at EUR 209.25.

Revenue grew in the second quarter

IBM generated USD 17.16 billion in revenue in the second quarter of 2026, up 1.10 percent from USD 16.98 billion a year earlier, according to TheStreet. The same report said software revenue reached USD 7.76 billion, an increase of 5.00 percent, while IBM Z revenue fell 42.00 percent during the quarter.

IBM sits below its yearly high

IBM's primary listing is on the NYSE, where the stock was trading at USD 237.70 on October 20, 2026 at 9:37 a.m. ET. Its USD 199.19 to USD 332.46 52-week range places the quote 28.50 percent below the high, while the market capitalization stood at USD 223.9 billion.

Valuation meets an earnings date

IBM carried a price-to-earnings ratio of 21.09 and a trailing dividend yield of 3.00 percent on October 20, 2026. IBM said on October 7, 2026 that it will discuss third-quarter results on October 21, 2026, at 5:00 p.m. ET.

What could the target mean?

Morgan Stanley's USD 238.00 target is 0.13 percent above the NYSE quote of USD 237.70 on October 20, 2026. Its Equal Weight rating and the narrow numerical gap put the emphasis on the October 21 results rather than on a large valuation reset.

IBM stock after the Xetra close

IBM stock was trading at EUR 211.70 at Lang & Schwarz on October 20, 2026 at 3:32 p.m. CEST, 1.17 percent above the Xetra close of October 19, 2026 at EUR 209.25.

The further course of trading is shown by the continuously updated real-time quote of IBM stock.