Forget IBM, This Legacy Tech Giant Is a Better AI Stock to Buy
After years of drifting in the hinterlands, finally seems to be coming back to life.
Big Blue delighted investors with its fourth-quarter earnings report, and the stock finished Thursday's session up 9.5%. IBM stock also closed at its highest level in more than 10 years on the news.
Shares of the tech giant are now up roughly 40% in the last three months as investors seem to believe it will be a beneficiary of the artificial intelligence (AI) boom that began with the launch of ChatGPT in late 2022. IBM's fourth-quarter numbers weren't particularly impressive, but managed to overcome modest guidance.
Source Fool.com
International Business Machines Corp Stock
€176.70
-0.340%
With 16 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 183 € shows a slightly positive potential of 3.57% compared to the current price of 176.7 € for International Business Machines Corp.
