By Avi Kapoor
Publication Date: 2026-04-23 13:25:00
IBM (NYSE:IBM) reported upbeat first-quarter results after Wednesday’s closing bell.
IBM reported quarterly earnings of $1.91 per share, which beat analyst estimates of $1.81 by 5.52%, according to Benzinga Pro data. Quarterly revenue of $15.92 billion beat the consensus estimate of $15.62 billion and was up from $14.54 billion in the prior year’s quarter.
IBM expects more than 5% constant currency growth and an increase of approximately $1 billion in year-over-year cash flow in 2026.
IBM shares dipped 6.8% to $234.45 in pre-market trading.
These analysts made changes to their price targets on IBM following earnings announcement.
- BMO Capital analyst Keith Bachman maintained IBM with a Market Perform and lowered the price target from $290 to $270.
- Morgan Stanley analyst Erik Woodring maintained the stock with an Equal-Weight rating and raised the price target from $215 to $225.
Considering buying IBM stock? Here’s what analysts think:
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