By Rafael Müller
Publication Date: 2026-10-20 08:35:00
IBM stock (ISIN US4592001014) was trading at EUR 210.13 at Lang & Schwarz on October 20, 2026, at 10:31 a.m. CEST, up 0.42 percent versus the Xetra close of October 19, 2026 at EUR 209.25. The latest analyst move came from Morgan Stanley, which raised its IBM target from USD 190.00 to USD 238.00 on October 15, 2026, according to Markets Insider.
Three dates frame the IBM story
On July 14, 2026, IBM’s preliminary revenue of USD 17.20 billion came in USD 660.00 million below forecasts, according to TheStreet. On July 22, 2026, second-quarter revenue was USD 17.16 billion versus USD 17.46 billion in consensus, a shortfall of 1.72 percent, according to TradingKey. On October 15, 2026, Morgan Stanley lifted its target to USD 238.00 from USD 190.00.
What does the target change?
The Morgan Stanley move represents a 25.26 percent increase in the target, but the bank kept an Equal Weight rating. Its preview points to a largely in-line third quarter, with infrastructure strength offsetting…
