IBM (IBM)
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-15
$248.37-0.29%
Close 2026-09-15 · 1-day change
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-15
Research Workspace
Put IBM beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
IT Consulting & Other Services is in recovery. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar broken — Achieve over 5% revenue growth: FY26 revenue growth guided to 4.5% vs 5% target.
View ThesisRevenue is growing steadily — about 8% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery.
View ManagementExpectations look high — the market is pricing in about 18% growth a year, above the roughly 4% analysts expect, leaving little room for error.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 38% in its worst 12-month stretch.
View RiskIBM's growth in AI and quantum computing must continue to justify its current price. Revenue growth is guided at 4.5% for FY26, below the 5% target. The last quarter's revenue grew 1% year over year, and the latest earnings report missed expectations. IBM trades at 21× P/E, above the 14× peer median, indicating that the market expects more growth than forecasted. The primary risk is the potential for further guidance cuts, with a 14% chance of missing next-quarter estimates. Peer multiples imply a price about 18% below where it trades, suggesting it looks expensive on this basis. Our read is provisional.
Trailing returns as of 2026-09-15. IBM is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 25 analysts currently covering IBM (as of Sep 2026).
Based on 13 Wall Street analysts offering 12-month price targets for IBM in the last 4 months.
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Compare IBM with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| IBM Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-09-15. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus IT Consulting & Other Services — fair value, gap to price, and forward P/E.
Compare the value case
Put IBM next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Expand AI and hybrid cloud software portfolio with generative AI leadership
New AI deal enhances generative AI leadership and revenue growth potential.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-15. EPS is implied from price ÷ P/E. Not investment advice.
Current $248.37
The last 12 months of price, then the range of analyst 12-month targets from today’s $248.37.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Invest over $10 billion in quantum computing over 5 years
Partnership enhances IBM's quantum computing investment strategy.
Advances: Invest over $10 billion in quantum computing over 5 years
Expansion of quantum computing investment aligns with management's objectives.
Advances: Invest over $10 billion in quantum computing over 5 years
Supports IBM's investment in quantum computing initiatives.
Advances: Invest over $10 billion in quantum computing over 5 years
Partnership enhances IBM's quantum computing investment strategy.
Advances: Expand AI and hybrid cloud software portfolio with generative AI leadership
Collaboration enhances AI and hybrid cloud software portfolio.
Advances: Invest over $10 billion in quantum computing over 5 years
Supports IBM's investment in quantum computing initiatives.
Advances: Invest over $10 billion in quantum computing over 5 years
Investment in quantum computing aligns with long-term strategy.
