Is IBM a Buy?
Has International Business Machines (NYSE: IBM) officially turned the corner? In the recently reported third quarter, the company beat analyst estimates on revenue and earnings per share (excluding certain items). Still, calls that IBM has finally pivoted to the next-generation economy are as old as Watson, the company's artificial-intelligence supercomputer.
One person the company has failed to convince is legendary investor Warren Buffett. Over the past year Berkshire Hathaway, his company, has dumped nearly 55% of its IBM holdings while saying he has revalued the company downward.
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Source: Fool.com
International Business Machines Corp Stock
€191.04
-0.080%
We see a rather positive sentiment for International Business Machines Corp with 18 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 184 € is below the current price of 191.04 € for International Business Machines Corp, so the potential is actually -3.69%.
