“IBM Stock: Buy, Hold, or Sell?”
IBM is a moderate buy; DCF fair value ~$254 vs price ~$220 implies ~15% upside in 12-18 months.
Although the company’s last quarter came in just 1% below revenue expectations compared to the same quarter last year, IBM still expects revenue growth of around 5% for the full year.
IBM is also one of the leading companies in quantum computing, and this could be the next generation after artificial intelligence.