Are Wall Street Analysts Bullish on International Business Machines Stock?

Core Insights - IBM has significantly outperformed the broader market in 2025, with stock prices increasing by 39.6% year-to-date and 47.8% over the past 52 weeks, compared to the S&P 500 Index's gains of 15.6% and 17.5% respectively [2][4] - The company's Q3 results showed a year-over-year revenue growth of 9.1% to $16.3 billion, exceeding expectations, with notable increases in software and infrastructure revenues by 9% and 17% respectively [4][5] - Analysts project an adjusted EPS of $11.26 for the full fiscal 2025, reflecting a 9% year-over-year increase, with a consensus rating of "Moderate Buy" among 22 analysts [5][6] Financial Performance - IBM's consulting revenues increased by 2%, while software and infrastructure revenues surged by 9% and 17% respectively, contributing to the overall revenue growth [4] - The adjusted EPS for Q3 rose by 15.2% year-over-year to $2.65, surpassing consensus estimates by 8.6% [4] Analyst Ratings and Price Targets - UBS analyst David Vogt maintained a "Sell" rating but raised the price target from $200 to $210, while the mean price target from analysts is $286.10, indicating a 7.2% premium to current levels [7] - The highest target of $350 suggests a potential upside of 14.1% [7]