IBM (IBM)
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
$234.89+0.08%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-09-04
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 rev +4.5% vs 5%.
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 reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 1% 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 valuation. Revenue growth is guided to 4.0-4.5%, below the 5.0% target. The latest quarter showed a revenue miss, with a 1% year-over-year increase. IBM trades at 19.6× P/E, above the 14.3× peer median, indicating it looks expensive. If IBM cuts guidance on the next call, that could negatively impact its valuation. Peer multiples imply a price about 11% below where it trades. The thesis has broken due to the primary pillar of achieving over 5% revenue growth being compromised.
Trailing returns as of 2026-09-04. 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 2026-09-04. 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: Invest over $10 billion in quantum computing over 5 years
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 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $234.89
The last 12 months of price, then the range of analyst 12-month targets from today’s $234.89.
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.
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.
Advances: Expand AI and hybrid cloud software portfolio with generative AI leadership
Investment in BQP supports AI and hybrid cloud software expansion.
Advances: Expand AI and hybrid cloud software portfolio with generative AI leadership
New processor enhances AI and hybrid cloud software capabilities.
Threatens: Invest over $10 billion in quantum computing over 5 years
Concerns about quantum stocks may impact investment plans.
Advances: Invest over $10 billion in quantum computing over 5 years
Advances quantum computing roadmap, aligning with investment objectives.
Advances: Expand AI and hybrid cloud software portfolio with generative AI leadership
Software tailwinds support AI and hybrid cloud portfolio expansion.
Advances: Expand AI and hybrid cloud software portfolio with generative AI leadership
Strengthens IBM's position in generative AI market.
