Has IBM Stock Become a Buy?
International Business Machines (NYSE: IBM) stock surged 14% higher following its fourth-quarter and 2024 earnings report. Under CEO Arvind Krishna, the company has redefined itself as primarily a hybrid cloud and artificial intelligence (AI) company, and his leadership reversed what had been a long-term decline in the stock.
Consequently, the stock price has risen by around 35% over the last year. Now, investors must assess whether the stock remains a buy with a higher earnings multiple and lower dividend yield.
Krishna's turnaround at IBM began before he became CEO. As a division head, he spearheaded the purchase of Red Hat in 2019. This move made IBM a meaningful player in the hybrid cloud, and after taking the CEO job in April 2020, Krishna acquired more cloud companies.
Source Fool.com
International Business Machines Corp Aktie
Die Community zeigt großes Interesse an International Business Machines Corp mit vielen Buy- und wenigen Sell-Einschätzungen.
Die Community sieht für International Business Machines Corp ein leicht positives Kursziel von 264 € im Vergleich zum aktuellen Kurs von 250.75 €.
