Morgan Stanley, JPMorgan raise IBM price targets on AI infrastructure demand

Key Facts

1Morgan Stanley raised its price target for IBM to $267 from $225, maintaining an Equal Weight rating.

2JPMorgan upgraded IBM to Overweight with a $291 price target, citing software business acceleration in H2 2026.

Amid surging demand for AI infrastructure, IBM received bullish upgrades from two major Wall Street banks. According to reports, Morgan Stanley raised its price target to $267 from $225 while maintaining an Equal Weight rating. JPMorgan upgraded the stock to Overweight with a $291 target, citing expected software business acceleration in the second half of 2026.

The upgrades are backed by strong enterprise server demand driven by compute shortages and AI infrastructure needs. Per market data, IBM closed at $271.63 on June 26, 2026, above Morgan Stanley's new target and near the session high of $273.14. The moves reflect analyst confidence in IBM's ability to capitalize on AI-driven spending.

IBM currently trades at $271.63 (close June 26, 2026), with near-term resistance at $273.14 (session high) and support at $258.28 (session low). Investors are watching upcoming IBM earnings reports and further developments in enterprise AI demand as potential catalysts.