Baird Initiates Coverage on International Business Machines Corporation (IBM) with Neutral

Market Context

International Business Machines Corporation operates in the Technology sector. The stock currently trades at $205.97 with a market capitalization of $290.3B. The stock has declined 32.4% over the past 52 weeks.

Analyst coverage from Baird provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for International Business Machines Corporation.

Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.

Recent Analyst Activity for International Business Machines Corporation

Among the 10 most recent ratings: 8 Buy, 1 Hold, 1 Sell.

Date	Firm	Rating	Price Target
Jul 22, 2026	Baird	Neutral	N/A
Jul 21, 2026	Barclays	Overweight	N/A
Jul 21, 2026	Jefferies	Buy	N/A
Jul 20, 2026	Stifel	Buy	N/A
Jul 17, 2026	JP Morgan	Overweight	N/A

Related Tools: Analyst Ratings Dashboard | View IBM Stock Page