Is It Too Late to Buy IBM Stock?
This isn't your great-grandfather's (NYSE: IBM) anymore. It's still a great long-term investment, though.
The former maker of punch-card calculators evolved into an industrial computing powerhouse, a personal computing innovator, and then an all-you-can-eat buffet of information technology products. And just when everyone else started to copy Big Blue's successful business model, the company took a sharp turn into cloud computing, consulting services, data security, and artificial intelligence (AI).
It was a tough business transformation, but it's starting to pay off for longtime investors. About ten painful years after the newfound focus on AI and cloud services, ChatGPT came along to launch a marketwide fascination with AI.
Source Fool.com
International Business Machines Corp Stock
€201.10
-0.890%
The stock is one of the favorites of our community with 44 Buy predictions and 3 Sell predictions.
With a target price of 271 € there is a positive potential of 34.76% for International Business Machines Corp compared to the current price of 201.1 €.
