Is IBM Stock in Trouble?
Shares of International Business Machines (NYSE: IBM) plummeted sharply and suddenly last week after the tech giant released news that was concerning to investors. The company didn't formally announce its latest quarterly numbers, but did preannounce them. And the numbers were troubling enough that the stock plunged more than 25%, which is massive for a company of IBM's size.
Are the numbers really that bad and concerning? Here's why investors dumped the stock, whether it's in deep trouble, and if IBM stock may be a good contrarian buy right now.
Image source: Getty Images.
Source Fool.com
International Business Machines Corp Aktie
194,06 €
1,31 %
Mit 44 Buy-Einschätzungen und nur 3 Sell-Einschätzungen ist International Business Machines Corp einer der Lieblinge unserere Community.
Ein Kursziel von 271 € für International Business Machines Corp würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 194.06 € bedeuten.
