IBM
International Business Machines (NYSE: IBM) reached a new record high as shares surged over 9% near $325,...
Article Summary
BUY- International Business Machines (NYSE: IBM) reached a new record high as shares surged over 9% near $325, with the stock on track for a closing record after reaching a fresh intraday high at $327.89, one of the top gainers in the S&P 500 and Dow Jones Industrial Average after receiving a new vote of confidence from Wall Street analysts and amid a broader tech rally following a flurry of announcements from IBM partner Nvidia including an AI chip designed for PCs.
- Barclays analysts launched coverage of IBM stock with an overweight rating and Street-high target of $350, saying they believe it could be following the Nvidia playbook in quantum computing as an early leader in the industry with an 'ecosystem approach' to building market for its offerings, adding IBM has created a stable growth engine around its very defensible software portfolio that will lead to continued growth and better profit margins.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 9.7% | 25% | 35.0 ptsBelow Screener (9.7%) - Weak growth |
| EPS Growth Next 5Y ? | 8.3% | 25% | 20.0 ptsWeak (8.3%) - Low expectations |
| Target Price Upside ? | 10.1% above | 20% | 0.0 ptsAbove Target (10.1% above) - Target: $288.11 vs Current: $320.42 |
| Gross Margin % ? | 57.8% | 15% | 80.0 ptsVery Healthy (57.8%) - High-quality margins |
| Drawdown from 52-Wk High ? | -1.4% | 15% | 20.0 ptsBarely a Dip (-1.4%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About IBM
- International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
- It operates through Software, Consulting, Infrastructure, and Financing segments.
- The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
- The Consulting segment delivers strategy and technology services and intelligent operations, providing business transformation, technology implementation, managed services, application modernization, and AI-powered solutions.
- The Infrastructure segment provides on-premises and cloud-based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment.
- Its Financing segment offers client and commercial financing, and facilitates IBM clients' acquisition of hardware, software, and services.
- It has strategic partnerships with various companies, including hyperscalers, service providers, global system integrators, and software and hardware vendors that include Adobe, Amazon Web Services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others.
- Additionally, the company operate a data streaming platform.
- The company has a strategic collaboration with Arm Holdings plc for the development of new dual-architecture hardware that helps enterprises run future AI and data intensive workloads.
- The company was formerly known as Computing-Tabulating-Recording Co.
- International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.