IBM Stock Could Take Off in 2024. Here Are 3 Reasons Why.
Investors who wrote off International Business Machines (NYSE: IBM) after years of decline and stagnation may need to take another look. The 112-year-old company has worked to return itself to the cutting edge of today's technology industry.
It accomplished this with the purchase of Red Hat and by spinning off a stagnant managed infrastructure business into Kyndryl. Moreover, it accomplished this without alienating a longtime constituency of shareholders. Returning to the cutting edge could also make it a tech stock worth owning. Here are three key reasons why.
The aforementioned purchase of Red Hat in 2019 amounted to an "all-in" bet on the cloud, costing it $34 billion and dramatically increasing its long-term debt.
Source Fool.com
International Business Machines Corp Aktie
175,76 €
-0,41 %
Die Community neigt bei International Business Machines Corp zu Buy-Einschätzungen, mehr als zu Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 183 € für International Business Machines Corp deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 175.76 € hin.
