This Dividend Stock Is a Safe Bet, Regardless of Market Conditions
In recent years, International Business Machines (NYSE: IBM) fell out of favor as tech investors turned away from the company in favor of faster-growing names.
Nonetheless, even in those times, the company proved its reliability as a dividend stock, with the payout rising for 28 consecutive years. Moreover, IBM pivoted heavily into the cloud with its $34 billion purchase of Red Hat in 2019, following that up with numerous cloud-related acquisitions and spinning off slower-growth businesses, such as the one that became Kyndryl (NYSE: KD).
Source Fool.com
International Business Machines Corp Stock
€176.36
-0.190%
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 3.77% for International Business Machines Corp compared to the current price of 176.36 €.
