Forget International Business Machines Corp.: These 3 Stocks Are Better Buys
IBM (NYSE: IBM) reported its second-quarter earnings on July 18, and the results were unimpressive. Revenue fell 5% year over year to $19.29 billion, marking its 21st straight quarter of annual declines and missing estimates by $160 million.
The story was a familiar one -- its higher-growth "strategic imperatives" (cloud, mobile, social, security, and analytics) still weren't growing fast enough to offset the weakness of its older business hardware and software businesses.
Security analysts at IBM's X-Force Command Center. Image source: IBM.
Source: Fool.com
International Business Machines Corp Stock
€154.64
-0.090%
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 169 € shows a slightly positive potential of 9.29% compared to the current price of 154.64 € for International Business Machines Corp.
