Is It Too Late to Buy IBM Stock?
Technology stocks have been battered in 2022, but tech veteran IBM (NYSE: IBM) managed to resist that trend. After the stock hit a 52-week low of $114.56 last November, it rebounded and hovers around $133 at the time of this writing.
IBM's rise is attributable to a multi-year effort to transform its business, including spinning off its managed IT infrastructure services into the newly formed, publicly traded company Kyndryl last year. This was followed by an outstanding first-quarter earnings report this year.
With IBM's transition work behind it, have investors missed the investment opportunity? There's cause to believe the company offers more upside. Here are the reasons that point to a bright future for Big Blue.
Source Fool.com
