Is IBM Stock a Buy Now?
Venerable tech conglomerate International Business Machines (NYSE: IBM) is experiencing a banner year. Its stock is up nearly 60% over the past 12 months, and it hit an all-time high of $227.67 on Oct. 7.
Big Blue's share price rose to new heights thanks to a confluence of factors. Its focus on artificial intelligence and cloud computing is producing revenue growth. This, in turn, ignited Wall Street's confidence in the tech titan's future.
For instance, analyst Amit Daryanani, of investment banking firm Evercore ISI, raised his price target for IBM from $215 to $240 in September. Another boost to its stock came when the Federal Reserve cut interest rates.
Source Fool.com
International Business Machines Corp Stock
€200.85
-1.640%
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.
