What is the fair value of IBM?

Based on inv-AI’s institutional-grade analysis, the 12-month fair value estimate for International Business Machines Corporation (IBM) is $231 (range: $196–$266). Confidence level: MEDIUM.

Is IBM overvalued or undervalued?

International Business Machines Corporation (IBM) is rated Fairly Priced (High) by inv-AI. The current price is $241 versus a mid fair value of $231, implying -4.1% upside.

What is the IBM price target for 2026?

inv-AI’s 2026 fair value range for International Business Machines Corporation (IBM) is $196 (bear) to $266 (bull), with a base case of $231.

International Business Machines Corporation (IBM) Valuation

Rating: Fairly Priced (High)

12-Month Fair Value: $196 – $231 – $266

Confidence: MEDIUM

IBM has executed an impressive transformation — software now ~45% of revenue, record $14.7B FCF, gen AI book >$12.5B. However, at ~$299 and 25x forward P/E for 5-6% revenue growth, valuation requires sustained execution. Trading in upper third of $242-$327 band with limited near-term upside.

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