Stocks
IBM Stock Rises on Q2 Earnings Beat, Analysts Maintain Moderate Buy Stance
International Business Machines Corporation (IBM) stock has gained about 2.4 percent in its latest trading session, closing at USD 249 after opening at USD 249.09 on the New York Stock Exchange.
The gain leaves IBM's share price below the prevailing analyst consensus target of USD 265.16 as of September 15, 2026, which represents a modest upside of around 6.5 percent if forecasts prove accurate.
The company reported second-quarter 2026 earnings per share of USD 2.93, matching market expectations, while revenue rose 1.1 percent year over year to USD 17.16 billion but came in slightly below consensus estimates.