Will IBM Stock Ever See $200 Again?
It's been four years since shares of International Business Machines (NYSE: IBM) sat above $200. A post-financial crisis rally drove IBM stock to new all-time highs, but a seemingly endless turnaround featuring constantly slumping revenue has since taken the wind out of Big Blue's sails. IBM stock now trades for around $145 per share, about 30% below its peak.
Longtime IBM investors are surely wondering if the stock will return to those 2013 highs. A rally in 2016 gave investors some hope, but the stock has given up most of those gains this year, with revenue continuing to grind lower. The story is going to have to change before IBM stock recovers, and that will require a return to growth that has so far eluded the company.
Source: Fool.com
International Business Machines Corp Stock
€176.70
-0.340%
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 3.57% for International Business Machines Corp compared to the current price of 176.7 €.
