International Business Machines Corp (IBM) Share Price Analysis & Forecasts
Name: International Business Machines Corp (IBM)
Description: Another venerable tech company with its fare share of issues including a stock price that down- 15% in 10 years, low growth rates and an inability to monetise innovation. 16/11/23
Summary
The current International Business Machines Corporation (IBM) stock price is $160.55 which is a change of 1.99 or 1.26% from the last closing price of 160.55 with 4,871,860 shares traded giving NYSE:IBM a market capitalisation of $146,601,194,016. The most recent daily high has been 160.59 and daily low 158. The NYSE:IBM share price 52 week high has been 160.59 and the 52 week low 120.55. Based on the most recent NYSE:IBM share price opening of 160.55, the current NYSE:IBM EPS (earnings per share) are 7.45 and the PE (price earnings ratio) is 21.56. Pricing data last updated 01/12/2023 16:00.
Pros
- “North Pole” AI chip is revolutionary
- Software sales & consultancy revs are rising.
- Free cash flow up by $1.0 billion YTD
Cons
- Greatly underperformed IT sector in 23
- No insiders buying the stock
- Revenue growth -23% in 5-years
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Outlook
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