This Dividend Stock Yielding 5% Is a Screaming Buy
The stock market doesn't quite know what to do with International Business Machines (NYSE: IBM). Shares of the century-old tech company have been treading water since before the pandemic. As of July 10, IBM stock is just a few percentage points off from where it traded five years ago.
A lot has changed in those five years, though. Notably, IBM poured $34 billion into the acquisition of Red Hat to boost its hybrid cloud business, and it spun off its slow-growing, low-margin managed infrastructure services business. The IBM of today is starkly different than the IBM of five years ago.
These moves, part of IBM's decade-long transformation effort, have made the company simpler and more focused. Revenue growth has returned, and free cash flow is on the rise. Even in a tough economy, the critical products and services IBM sells to its enterprise client base are in high demand.
Source Fool.com
International Business Machines Corp Stock
With 16 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 183 € shows a slightly positive potential of 3.57% compared to the current price of 176.7 € for International Business Machines Corp.
