IBM Stock Has Hit a 52-Week High: Is It a Buy?

International Business Machines (NYSE: IBM) stock recently set a new 52-week high, breaching the $150 per share level for the first time in more than a year. While its increasingly prominent role in the cloud has gained attention, it remains a company in transition.

The upcoming spinoff of its managed infrastructure services business, to be called Kyndryl, brings both opportunity and uncertainty for IBM shareholders. Given the challenges the venerable tech company faces, is its stock still a good buy?

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Source Fool.com