Is IBM Stock a Buy Now?
(NYSE: IBM) posted its second-quarter earnings report on July 19. The tech giant's revenue declined 0.4% year over year (but rose 0.4% on constant currency terms) to $15.5 billion, which missed analysts' expectations by $70 million. Its adjusted EPS declined 6% to $2.18 but still cleared the consensus forecast by $0.76.
IBM's stock dipped 1% during after-hours trading following that report, and it's declined about 5% year to date. Neither the bulls nor the bears seem too enthusiastic about IBM -- but is it worth buying as a long-term investment right now?
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Source Fool.com
International Business Machines Corp Stock
€200.85
2.230%
With 44 Buy predictions and 3 Sell predictions International Business Machines Corp is one of the favorites of our community.
As a result the target price of 271 € shows a positive potential of 34.93% compared to the current price of 200.85 € for International Business Machines Corp.
