Is IBM a good stock to buy now? (2024)

Is IBM a good stock to buy now?

IBM Analyst Recommendation Trends

Is IBM a buy hold or sell?

IBM stock has received a consensus rating of buy. The average rating score is A3 and is based on 32 buy ratings, 14 hold ratings, and 0 sell ratings.

Is IBM a good long term investment?

IBM isn't a growth stock, so don't treat it like one. Just because IBM is growing doesn't necessarily make it a growth stock. The company's financials will show that IBM is anything but a high-growth investment opportunity. AI potential has excited analysts enough to raise their long-term earnings growth estimates.

Is IBM stock expected to go up?

IBM's revenue rose 6% in 2022 and 2% in 2023, and analysts expect 3% growth in 2024. Its adjusted EPS grew 15% in 2022 and 5% in 2023, and is expected to rise 5% in 2024. Those growth rates indicate IBM's turnaround strategies are paying off and turning it into a reliable blue-chip tech stock again.

Is IBM a good stock to buy in 2024?

What's the best technology stock to hold in 2024? Believe it or not, the answer might not be a Magnificent Seven stock. IBM (NYSE:IBM) stock is my secret pick that has something special for growth-focused traders, value seekers and anyone looking for a passive-income opportunity.

What is the prediction for IBM stock?

Stock Price Forecast

The 12 analysts with 12-month price forecasts for IBM stock have an average target of 175.5, with a low estimate of 130 and a high estimate of 220. The average target predicts a decrease of -3.71% from the current stock price of 182.27. * Price targets were last updated on Mar 14, 2024.

What is IBM stock expected to do in the next 5 years?

An analysis of the business dynamic and trends currently in place suggests IBM's future looks bright. The analyst community believes IBM's annual top line will swell to just under $78 billion by 2028 versus last year's $61.9 billion. Per-share profits are expected to grow from last year's $8.14 to $13.10 in 2027.

Is IBM a safe stock to buy?

The AI market is expected to reach $305.9 billion this year, up from $241.8 billion in 2023, and is forecasted to grow to $738.8 billion by 2030. This serves as a multiyear tailwind for Big Blue. All of these factors combine to make IBM stock an attractive long-term investment.

Is IBM a good retirement stock?

An American multinational tech company, International Business Machines Corporation (NYSE:IBM) is next on our list of safe dividend stocks to consider for a retirement stock portfolio. The company's current quarterly dividend comes in at $1.66 per share for a dividend yield of 4.28%, as of November 27.

Does IBM have a future?

As a more focused company, IBM will innovate and move faster, and invest more strategically in the future of our business. That is why, as part of this major change, IBM will accelerate actions to simplify and optimize our operating model for speed and growth.

Who owns the most IBM stock?

Vanguard owns the most shares of International Business Machines (IBM). The ownership structure can impact the company's decision making, as large institutional investors may exert influence on the company's management and can also affect the company's stock price with their buying and selling patterns.

What is the prediction for IBM in 2024?

2024 is $182.21. 2024 Forecast: Price Range: Slightly bullish trend, with Gov Capital predicting around $255.89 by year-end. Market Trends: Steady growth with some fluctuations, driven by market dynamics and IBM's strategic initiatives.

What are analysts saying about IBM stock?

The highest analyst price target is $220.00 ,the lowest forecast is $125.00. The average price target represents 1.35% Increase from the current price of $189.14. International Business Machines's analyst rating consensus is a Hold. This is based on the ratings of 13 Wall Streets Analysts.

What is the highest price of IBM stock ever?

The all-time high IBM stock closing price was 197.78 on March 12, 2024. The IBM 52-week high stock price is 199.18, which is 7.1% above the current share price. The IBM 52-week low stock price is 120.55, which is 35.2% below the current share price. The average IBM stock price for the last 52 weeks is 153.07.

Why buy IBM stock?

IBM has a lot going for it right now. It's doing well across all its business segments. Its revenue growth in 2024 looks encouraging given Q4's double-digit increase in annual bookings. FCF generation remains strong, enabling Big Blue the flexibility to raise its dividend.

What are the best stocks to invest in 2024?

How often does IBM pay dividends?

International Business Machines Corporation ( IBM ) pays dividends on a quarterly basis. International Business Machines Corporation ( IBM ) has increased its dividends for 29 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.

Who is invested in IBM?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Bank Of America Corp /de/, Morgan Stanley, Spdr S&p 500 Etf Trust, and FXAIX - Fidelity 500 ...

Is AMD a buy or sell?

Advanced Micro Devices has 18.95% upside potential, based on the analysts' average price target. Is AMD a Buy, Sell or Hold? Advanced Micro Devices has a conensus rating of Strong Buy which is based on 28 buy ratings, 6 hold ratings and 0 sell ratings.

What is the next dividend date for IBM?

Which stock will go up in next 5 years?

Do IBM employees get stock?

For IBM employees, restricted stock units (RSUs) are the most common type of equity compensation and are typically offered after a private company goes public or reaches a more stable valuation. Like stock options, RSUs vest over time, but unlike stock options, you don't have to buy them.

Is IBM a good dividend stock to buy?

Yes, IBM's past year earnings per share was $8.12, and their annual dividend per share is $6.64. IBM's dividend payout ratio is 69.05% ($6.64/$8.12) which is sustainable.

What is the most secure stock to buy?

Dividend stocks are considered safer than high-growth stocks, because they pay cash dividends, helping to limit their volatility but not eliminating it. So dividend stocks will fluctuate with the market but may not fall as far when the market is depressed.

Is IBM financially stable?

Companies with rank of 3 or less are likely in financial distress. International Business Machines has the Financial Strength Rank of 5.