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IBM's Q3 beats expectations, software growth drives price target hike to $280

Company Fundamentals
22 Oct 2026
Andrew Wynn
View Source
Bullish
IBM's Q3 beats expectations, software growth drives price target hike to $280

IBM reported strong Q3 results with revenue of $17.1 billion and adjusted earnings of $2.95 per share, surpassing analyst estimates. Software revenue grew 9%, led by Red Hat and OpenShift, while AI-related consulting work also contributed significantly. Jefferies raised IBM's price target to $280, implying an 11.3% upside from the current price. Despite initial gains, shares fell in after-hours trading for unclear reasons.

IBM Q3 earnings report provides context for readers. For those following Technology-sector US stocks on Pluang, as of Oct 22, 2026 18:11 WIB: out of 150 stocks, 17 rose and 130 fell. ASX dropped 5.19% to USD 40.21 with 100% buy orders, NOK fell 5.08% to USD 8.79 with nearly balanced orders, and CRDO declined 4.99% to USD 173.18 with 83% sell orders.

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