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.
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Source Fool.com
International Business Machines Corp Stock
€194.06
1.310%
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 39.65% compared to the current price of 194.06 € for International Business Machines Corp.
