RBC Capital Rates IBM Outperform, $270 Price Target

RBC Capital has reiterated its Outperform rating on IBM with a price target of $270, a 16.88% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:57 PM EDT

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RBC Capital rated International Business Machines Corporation ($IBM) "Outperform" with a $270 price target on October 13, 2026.

Since the rating, $IBM is up 0.6% to date (from the $230.78 close on Oct 13, 2026).

IBM International Business Machines Corporation

$232.14 -18.74% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, RBC Capital reiterated its Outperform rating on IBM, maintaining a price target of $270.
RBC Capital's $270 price target implies 16.88% upside from International Business Machines Corporation's ($IBM) current $231 share price.
IBM's stock is recently trading at $231, which is 30.5% below its 52-week high of $332.46.
As of October 16, 2026, the stock is also below its 50-day moving average by 0.5% and its 200-day moving average by 8.3%.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated International Business Machines Corporation alert may contain errors. Disclosures

RBC Capital has reiterated its Outperform rating on International Business Machines Corporation (IBM) with a price target of $270 on October 13, 2026. This target remains unchanged from their previous assessment. The stock is currently trading around $231 as of October 16, 2026.

Other Institutional Activity in IBM

Several other funds have also been active in IBM. Blackrock Inc. reduced its stake by 798,892 shares, leaving it with 76,763,481 shares valued at about $17.8 billion. Vanguard Capital Management LLC increased its holdings by 541,510 shares, bringing its total to 61,385,366 shares worth approximately $14.2 billion. State Street Corporation added 1,452,171 shares, ending with 56,045,055 shares valued at about $13.0 billion.

International Business Machines Corporation Stock Up 1.4%

IBM's shares are trading below both the 50-day and 200-day moving averages, currently around $231. This price is also 30.5% below its 52-week high of $332.46, indicating potential challenges in recovering to those levels. The stock is, however, 16% above its 52-week low of $199.19.

12-month forecast

$IBM price target

International Business Machines Corporation daily closes and this analyst's $270 target. Not advice.

Recent Earnings

IBM reported trailing twelve-month revenue of approximately $69.1 billion, with an EPS of $11.25. The next earnings report is scheduled for October 21, 2026. The company's revenue growth year-over-year stands at 1.1%, and it has a net margin of 15.5%.

Insider Buying and Selling at International Business Machines Corporation

Recently, insider transactions showed some activity. Michelle J. Howard, a Director, bought 50 shares at an average price of $237.83 on February 25, 2026, totaling $11,891. Another Director, Michael Miebach, purchased 434 shares at $233.33 each, amounting to $101,264 on the same date. However, Officer Robert David Thomas sold 25,000 shares at $230.32 each on August 26, 2026, for a total of about $5.76 million.

Analysts Set New Price Targets

On October 13, 2026, RBC Capital reiterated its Outperform rating for IBM with a price target of $270. The average price target among analysts is $242.65, with 23 analysts providing opinions on the stock.

About IBM

International Business Machines Corporation, known as IBM, is a global leader in technology and consulting. It offers integrated solutions and services across various segments, including software, consulting, infrastructure, and financing. The firm focuses on helping clients implement digital and AI transformations.

Bottom Line

Investors should keep an eye on IBM's upcoming earnings report on October 21, 2026. The stock's performance will be crucial as it trades below key moving averages and its recent price target reflects a challenging market outlook.