If You Invested $2,000 in IBM in 2020, This Is How Much You Would Have Today
(NYSE: IBM) has a dismal reputation as a long-term investment. Over the past decade, the tech giant's stock declined 6% as the S 500 rose 154%. That's probably why Warren Buffett's Berkshire Hathaway, which bought a big stake in IBM in 2011, liquidated all its shares by 2018.
IBM repeatedly failed to impress investors as the sluggish growth of its legacy infrastructure services, hardware, and business software units offset the stronger growth of its newer cloud-based services. Its myopic commitment to cutting costs and boosting its earnings per share (EPS) with buybacks also caused it to fall behind Amazon, Microsoft, and Alphabet's Google in the growing public cloud infrastructure market.
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Source Fool.com
International Business Machines Corp Stock
€176.86
0.090%
We see a rather positive sentiment for International Business Machines Corp with 16 Buy predictions and 1 Sell predictions.
With a target price of 183 € there is a slightly positive potential of 3.47% for International Business Machines Corp compared to the current price of 176.86 €.
