Is IBM Stock a Buy Now?
Many tech companies are touting artificial intelligence (AI) these days, but few even existed when International Business Machines (NYSE: IBM) began working on AI in the 1950s.
Today, IBM is focused primarily on the twin technologies of AI and cloud computing. Both of these areas are massive markets worth $184 billion and $676 billion, respectively, in 2024.
With the AI market experiencing explosive growth and Big Blue's decades of experience in the field, does investing in the venerable tech giant make sense now? To arrive at an answer, here's a look at IBM and whether it's a worthwhile long-term investment.
Source Fool.com
International Business Machines Corp Stock
€193.90
1.060%
With 18 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
However, we have a potential of -5.11% for International Business Machines Corp as the target price of 184 € is below the current price of 193.9 €.
