Truist Securities Initiates Coverage of International Business Machines with Hold

Fintel reports that on October 9, 2026, Truist Securities initiated coverage of International Business Machines (NYSE:IBM) (BIT:1IBM) with a Hold recommendation. International Business Machine Corporation, based in the United States, primarily operates within the technology industry, specializing particularly in the fields of software and hardware. The company's key projects include Watson, an AI platform designed for business solutions, and IBM Cloud, which offers a comprehensive suite of cloud computing services. Prior to this rating action, the stock closed at $226.61 on October 8, 2026. This latest close represents a price change of +0.44% over one week, compared to a baseline close of $225.62 on October 1, 2026. Over a one-month period, the stock experienced a price change of -2.36% from a baseline close of $232.09 on September 8, 2026. Separately, the current consensus target mean for the stock was recorded at $247.56 as of October 2, 2026, which represents an implied change of +9.25% from the stock's recent levels. The prior consensus target mean was $247.56 as of September 16, 2026. The current consensus target median stands at $245.31 as of October 2, 2026. The broader analyst sentiment for the period of September 1, 2026, shows a total of 31 recommendations, consisting of 8 strong buy, 8 buy, 13 hold, and 2 sell recommendations. This distribution reflects 51.6% positive, 41.9% hold, and 6.5% negative recommendations. In comparison, the prior recommendation period of August 1, 2026, also totaled 31 recommendations, with 8 strong buy, 9 buy, 12 hold, and 2 sell recommendations, representing 54.8% positive, 38.7% hold, and 6.5% negative recommendations. IBM last reported earnings on July 22, 2026, posting an actual EPS of 2.93 against an estimate of 2.9984, representing an EPS surprise of -2.28%. The company's actual revenue for that quarter was $17,162,000,000.00, compared to an estimated $17,754,119,955.00. The company's upcoming earnings date is scheduled for October 21, 2026, during the amc session. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel.

Truist Securities Initiates Coverage of International Business Machines with Hold

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