Morgan Stanley Raises PT on International Business Machines (IBM) Stock
Key takeaways
- On June 23, Morgan Stanley lifted its price objective on the company's stock to $267 from $225, and maintained an "Equal Weight" rating on the shares.
- The analyst further added that the estimates for 2026 and 2027 appear to be too low.
- In a different update, JPMorgan upgraded International Business Machines Corporation (NYSE:IBM)'s stock to "Overweight" from "Neutral" with a price objective of $291, up from the prior target of $270.
Morgan Stanley Raises PT on International Business Machines (IBM) Stock Bob Karr Sun, June 28, 2026 at 5:18 AM GMT+7 1 min read IBM DELL HPE International Business Machines Corporation (NYSE:IBM) is one of the Best Cloud Computing Stocks to Buy According to Hedge Funds. On June 23, Morgan Stanley lifted its price objective on the company's stock to $267 from $225, and maintained an "Equal Weight" rating on the shares. As per the analyst, Dell and HPE earnings demonstrate that the enterprise server demand is far more inelastic than anticipated. This is despite significant price increases, considering the compute shortages, refresh activity, and increasing AI-associated infrastructure needs.
The analyst further added that the estimates for 2026 and 2027 appear to be too low. Furthermore, the firm's analyst increased the EPS estimates by 5% – 6% for the compute-exposed companies.
In a different update, JPMorgan upgraded International Business Machines Corporation (NYSE:IBM)'s stock to "Overweight" from "Neutral" with a price objective of $291, up from the prior target of $270. The firm highlighted its confidence in H2 2026 software acceleration after the analysis of the company's software business.