Why International Business Machines (IBM) Stock Is Up Today

International Business Machines (IBM) is up 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: A single same-day catalyst is not obvious, so the move appears to be a mix of improving sentiment toward AI-related technology stocks and renewed interest in IBM’s enterprise AI and quantum initiatives. This could also be because investors are reassessing IBM after its July reset, with the company still maintaining expectations for higher 2026 free cash flow and modest revenue growth.

Details:

IBM said in its second-quarter 2026 results that it now expects full-year constant-currency revenue growth in the range of 4% to 5% and still expects free cash flow to rise by about $1 billion year over year.

IBM announced a strategic partnership in August to bring OpenAI models and products into IBM Consulting Advantage, reinforcing its push to sell AI tools and services to large enterprises.

IBM also highlighted a quantum-computing milestone in August, saying it connected its first modular cryogenic systems, a step tied to its longer-term fault-tolerant quantum roadmap.

Broader market tone likely helped as optimism around AI spending lifted technology shares on August 27, which may have supported IBM alongside its company-specific AI narrative.

Sources:

IBM Newsroom, IBM Investor Relations, SEC, Bloomberg

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$IBM Hedge Fund Activity

We have seen 1,933 institutional investors add shares of $IBM stock to their portfolio, and 1,595 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 12,445,411 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,499,774,027
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 7,132,137 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,005,628,245
WELLINGTON MANAGEMENT GROUP LLP added 6,283,395 shares (+2362.2%) to their portfolio in Q2 2026, for an estimated $1,766,953,507
VICTORY CAPITAL MANAGEMENT INC removed 2,369,959 shares (-51.7%) from their portfolio in Q2 2026, for an estimated $666,456,170
FMR LLC added 2,187,458 shares (+41.7%) to their portfolio in Q2 2026, for an estimated $615,135,064
MORGAN STANLEY removed 2,171,123 shares (-11.1%) from their portfolio in Q2 2026, for an estimated $610,541,498
BANK OF NEW YORK MELLON CORP added 2,099,174 shares (+29.3%) to their portfolio in Q2 2026, for an estimated $590,308,720

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$IBM Government Contracts

We have seen $1,104,448,588 of award payments to $IBM over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

BENEFITS TRANSFORMATION PLATFORM: $139,148,107
ORDER FOR Z17 CLINS OFF THE IBM CONTRACT: $77,398,572
SUSTAINMENT, ENHANCEMENT AND TRANSITION SUPPORT OF VAS ENTERPRISE CORE HR SOLUTION - HRSMART. THE CONTRACT...: $71,551,070
DEVELOPMENT, SECURITY, AND OPERATIONS (DEVSECOPS) SERVICES TO SUPPORT UNITED STATES CITIZENSHIP AND IMMIGRA...: $65,151,545
NAVY ENTERPRISE RESOURCE PLANNING (ERP) TECHNICAL SUPPORT SERVICES (NETSS).: $61,535,686

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$IBM Congressional Stock Trading

Members of Congress have traded $IBM stock 14 times in the past 6 months. Of those trades, 6 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $IBM stock by members of Congress over the last 6 months:

REPRESENTATIVE JOSH GOTTHEIMER has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 07/16, 07/15, 04/24.
REPRESENTATIVE MATTHEW VAN EPPS sold up to $15,000 on 06/16.
REPRESENTATIVE LLOYD DOGGETT has traded it 2 times. They made 2 purchases worth up to $30,000 on 06/10, 03/10 and 0 sales.
REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $100,000 on 05/21 and 0 sales.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 1 purchase worth up to $50,000 on 04/14 and 2 sales worth up to $100,000 on 05/15, 03/13.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
REPRESENTATIVE DAVID TAYLOR has traded it 2 times. They made 0 purchases and 2 sales worth up to $65,000 on 02/26.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$IBM Price Targets

Multiple analysts have issued price targets for $IBM recently. We have seen 14 analysts offer price targets for $IBM in the last 6 months, with a median target of $315.0.

Here are some recent targets:

Wamsi Mohan from B of A Securities set a target price of $330.0 on 07/06/2026
Erik Woodring from Morgan Stanley set a target price of $267.0 on 06/23/2026
Brian Essex from JP Morgan set a target price of $291.0 on 06/23/2026
Fatima Boolani from Citigroup set a target price of $375.0 on 06/03/2026
Raimo Lenschow from Barclays set a target price of $350.0 on 06/01/2026
Dan Ives from Wedbush set a target price of $320.0 on 05/29/2026
Matthew Swanson from RBC Capital set a target price of $300.0 on 05/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.