International Business Machines Corporation (NYSE: IBM) has recovered sharply from its July lows, supported by stronger software revenue, improved cash generation and a series of upward revisions to Wall Street price targets.

IBM closed October 28, 2026, at $253.22, gaining 1.19% for the session and 15.14% over the preceding month. Shares traded near $258 late in the October 29 session, moving above their previous three-month high.

• Wall Street remains moderately bullish on IBM, but the average analyst price target offers limited upside after the stock’s recent recovery.
• Goldman Sachs, Jefferies, Citigroup and several other banks raised their forecasts following third-quarter earnings. Analysts remain divided over…