IBM Price Target Raised to $267 by Morgan Stanley Amid Strong Demand

Morgan Stanley raised its price target on International Business Machines (IBM) from $225 to $267 on June 23, maintaining an 'Equal Weight' rating. The analyst noted that demand for enterprise servers is proving to be more inelastic than previously expected, despite price increases. EPS estimates for compute-exposed companies have been increased by 5% to 6%. Additionally, JPMorgan upgraded IBM to 'Overweight' with a price target of $291, showing increased confidence in the company's software business in the second half of 2026.