IBM gains as upgrade adds to quantum and AI momentum

International Business Machines (IBM) is up 4.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a fresh analyst upgrade that pointed to faster software acceleration ahead, with investors also continuing to reward IBM’s expanding AI and quantum narrative. This could also be a continuation move after IBM’s recent quantum announcements and government-backed foundry plans kept attention on the company’s longer-term growth story. ([au.investing.com](https://au.investing.com/news/stock-market-news/ibm-shares-pop-following-trumps-praise-at-white-house-quantum-summit-4498721))

Details:

One major Wall Street firm upgraded IBM to Overweight on June 23 and raised its price target to $291 from $270, citing greater confidence in software acceleration. ([au.investing.com](https://au.investing.com/news/stock-market-news/ibm-shares-pop-following-trumps-praise-at-white-house-quantum-summit-4498721))

IBM said on June 2 that it plans to invest more than $10 billion in quantum computing over five years, spanning research, manufacturing, partnerships, and acquisitions. ([prnewswire.com](https://www.prnewswire.com/news-releases/ibm-commits-more-than-10-billion-to-quantum-computing-funding-its-roadmap-from-todays-leading-systems-to-the-worlds-first-fault-tolerant-quantum-computers-302788490.html))

IBM also said it expects to deliver the world’s first large-scale, fault-tolerant quantum computer in 2029 and highlighted more than 340 organizations already using its quantum network. ([prnewswire.com](https://www.prnewswire.com/news-releases/ibm-commits-more-than-10-billion-to-quantum-computing-funding-its-roadmap-from-todays-leading-systems-to-the-worlds-first-fault-tolerant-quantum-computers-302788490.html))

Earlier in May, the U.S. government said IBM would receive the largest share of a $2 billion quantum grant program, including support tied to its planned Anderon quantum chip foundry, which may still be reinforcing bullish sentiment around the stock. ([axios.com](https://www.axios.com/2026/05/21/quantum-computing-trump-ibm))

Sources:

IBM, Investing.com, Axios

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

$IBM Insider Trading Activity

$IBM insiders have traded $IBM stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

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

DAVID N FARR purchased 1,000 shares for an estimated $304,000
MICHAEL MIEBACH purchased 434 shares for an estimated $101,263
MICHELLE J HOWARD purchased 50 shares for an estimated $11,891

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$IBM Hedge Fund Activity

We have seen 1,660 institutional investors add shares of $IBM stock to their portfolio, and 1,745 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 4,959,459 shares (-22.5%) from their portfolio in Q1 2026, for an estimated $1,183,748,471
MORGAN STANLEY added 4,771,145 shares (+32.1%) to their portfolio in Q1 2026, for an estimated $1,138,800,744
JPMORGAN CHASE & CO removed 1,548,522 shares (-9.2%) from their portfolio in Q4 2025, for an estimated $458,687,701
VANGUARD GROUP INC added 1,439,824 shares (+1.5%) to their portfolio in Q4 2025, for an estimated $426,490,267
NORGES BANK added 1,436,651 shares (+21.1%) to their portfolio in Q4 2025, for an estimated $425,550,392
FMR LLC removed 1,407,234 shares (-21.2%) from their portfolio in Q1 2026, for an estimated $335,885,647
CORIENT PRIVATE WEALTH LLC removed 1,392,450 shares (-73.4%) from their portfolio in Q1 2026, for an estimated $332,356,928

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 $1,051,683,825 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
NAVY ENTERPRISE RESOURCE PLANNING (ERP) TECHNICAL SUPPORT SERVICES (NETSS).: $81,891,792
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...: $74,925,613
DEVELOPMENT, SECURITY, AND OPERATIONS (DEVSECOPS) SERVICES TO SUPPORT UNITED STATES CITIZENSHIP AND IMMIGRA...: $59,168,005

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 16 times in the past 6 months. Of those trades, 7 have been purchases and 9 have been sales.

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

REPRESENTATIVE MATTHEW VAN EPPS sold up to $15,000 on 06/16.
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 4 times. They made 1 purchase worth up to $50,000 on 04/14 and 3 sales worth up to $115,000 on 05/15, 03/13, 02/10.
REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 04/24.
REPRESENTATIVE LLOYD DOGGETT purchased up to $15,000 on 03/10.
REPRESENTATIVE DAVID TAYLOR has traded it 4 times. They made 2 purchases worth up to $65,000 on 01/08 and 2 sales worth up to $65,000 on 02/26.
REPRESENTATIVE JONATHAN L. JACKSON has traded it 2 times. They made 0 purchases and 2 sales worth up to $115,000 on 02/17.
REPRESENTATIVE JULIA LETLOW purchased up to $15,000 on 02/02.

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 Analyst Ratings

Wall Street analysts have issued reports on $IBM in the last several months. We have seen 3 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Jefferies issued a "Buy" rating on 01/29/2026
UBS issued a "Sell" rating on 01/29/2026
Evercore ISI Group issued a "Outperform" rating on 01/20/2026
RBC Capital issued a "Outperform" rating on 01/05/2026

To track analyst ratings and price targets for $IBM, check out Quiver Quantitative's $IBM forecast page.

$IBM Price Targets

Multiple analysts have issued price targets for $IBM recently. We have seen 15 analysts offer price targets for $IBM in the last 6 months, with a median target of $310.0.

Here are some recent targets:

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
Abhishek Shukla from HSBC set a target price of $231.0 on 04/28/2026
Erik Woodring from Morgan Stanley set a target price of $225.0 on 04/23/2026

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.