When he's not busy writing about cybersecurity, cloud computing, and other fascinating technologies, he enjoys running and traveling. With Red Hat, IBM gets a strong and growing business. This causes a divergence between volume and price and it may be an early warning. View real-time stock prices and stock quotes for a full financial overview. Cumulative Growth of a $10,000 Investment in Stock Advisor, Is IBM Stock a Buy? International Business Machines Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. But if you consider $11 billion of annual free cash flow going forward, IBM stock looks cheap at less than 10 times that estimated free cash flow. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day! Legacy hardware side that they pull around like a ball and chain. IBM is gearing up aggressively for this play on cloud services and AI announcing 10,000 job cuts to its legacy business in October and spinning out the old legacy business in the first half of 2021. After disappointing fourth-quarter results, management expects revenue growth in 2021 and beyond. Group revenues, IBM said, were largely flat to … During the day the stock fluctuated 0.85% from a day low at $126.61 to a day high of $127.68. Indeed, management estimates the hybrid cloud market at $1 trillion, and with relevant acquisitions and internal developments, IBM can leverage and enhance its software and services offerings to address that significant opportunity (fewer than 25% of workloads have been moved to the cloud so far). For the last week, the stock has had a daily average volatility of 2.06%. Real-time data provided for free by IEX. A trade, not an investment. The deal is expected to add about $1.5 billion in incremental free cash flow by the end of 2021. ... Top Analyst Has 4 Red-Hot Semiconductor Capital Equipment Stocks to Buy Now for 2021… On corrections down, there will be some support from the lines at $124.94 and $121.62. Some negative signals were issued as well, and these may have some influence on the near short-term development. Returns as of 03/14/2021. The predicted opening price is based on yesterday's movements between high, low, and the closing price. But IBM ended the last year with finally some strong performance. It attributes this weakness partly to a sharp decline in earnings per share. By using the site you agree and are held Your losses are our losses too. featured in The Global Fintech Index 2020 as the top Fintech company of the country. See International Business Machines (IBM) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. On average, Wall Street analysts predict that . Is IBM stock a good buy at $122? IBM Blockchain Is a Shell of Its Former Self After Revenue Misses, Job Cuts: Sources ... IBM … This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. All users should speak with their financial advisor before buying or selling any securities. The company's cloud businesses kept generating solid results, though. This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.This signal is rare and, in most cases, gives substantial returns. Click Here to get the full report on IBM Common Stock (IBM) Stock. Get the latest International Business Machines (IBM) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. The stock is good for a 5% dividend yield, which is great in a low-yield environment. IBM Common Stock stock is lower by -5.42% over the last 12 months, and the average rating from Wall Street analysts is a Buy.InvestorsObserver’s proprietary ranking system, gives IBM stock a score of 35 out of a possible 100.. That rank is chiefly influenced by a short-term technical score of 14. Stock Advisor launched in February of 2002. Considering the company's current low valuation and the challenging transformation it has set for itself, is IBM stock a buy? But … Users should not base their investment decision upon "StockInvest.us". IBM is likely to play a vital role in the blockchain domain through 2021 and beyond, driven by strength in its enterprise blockchain solutions. International Business Machines' (NYSE:IBM) has focused more on its growth businesses, such as cloud computing and artificial intelligence (AI), in recent years. IBM is higher by $2.17 from the previous closing price of $122.49 on volume of 5,889,737 shares. The weekly cycle buy signals have been profitable in all seven cases in the last year. How to Buy Bitcoin at an 80% Premium From Michael Saylor ... 2021 at 1:17 p.m. UTC. What is IBM stock price? I've stayed away from IBM for years as I've seen its legacy business decline. Buy around $120, sell around $140. The Motley Fool - After disappointing fourth-quarter results, management expects revenue growth in 2021 and beyond. IBM earned $6.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.89. The next year is strategically important for IBM as the new CEO Arvind Krishna splits the 110-year-old IT beast by the end of 2021. IBM, the common name of International Business Machines Corporation, is one of the largest technology and consulting companies in the world, … Buy or Hold candidate since 2021-03-05 Gain 1.61% PDF The International Business Machines Corp stock price gained 1.61% on the last trading day (Monday, 8th Mar 2021), rising from $122.83 to $124.81., and has now gained 3 days in a row. On October 8 th, 2020 IBM announced plans to spin off its infrastructure services business into a new company and stock by the end of 2021. As analysts expected, IBM's third-quarter revenue dropped 2.6% year over year (or 3.1% adjusting for divested businesses and currency) to $17.6 billion -- … Market data powered by FactSet and Web Financial Group. IBM: Early Mover in the Blockchain Space Get these picks now in our just-released free report. Terms of Use and Privacy Policy. The 7 Must-Have Stocks to Buy Now These stocks are primed for both short- AND long-term gains, in 2021 and beyond. Over the past year the S&P 500 has risen 15.76% while IBM has fallen -10.67%. Yet, that focus adjustment has yet to translate into strong quarterly results. International Business Machines Corp's share price could stay at $137.89 by Oct 20, 2021. Volume fell during the last trading day despite gaining prices. Yet investors should consider IBM as an attractive tech stock. The IBM weekly cycle bottoms on January 12 th and peaks on February 12 th. Should I buy International Business Machines Corporation (IBM)? During the tech giant's fourth-quarter earnings call last week, management again expressed confidence in increasing revenue and free cash flow over the next two years. Let’s look at a few expert opinions. Over the last several years, Big Blue has been struggling to offset the decline of its large legacy business segments (on-premises software, hardware, and services for enterprises). As a growing part of IBM's revenue, cloud activities should increasingly contribute to the company's top-line performance. The company and IBM joined forces on marketing software for the banking industry. And management has been investing to fuel that growth thanks to the company's strong free cash flow of $10.8 billion over the last 12 months. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. IBM: 3 Reasons To Buy And 2 Reasons To Sell. The good news out of IBM's earnings call was readily apparent; third quarter revenue came out ahead of forecasts. The company has been around since 1984. The average International Business Machines Corp stock price prediction forecasts a potential downside of N/A from the current IBM share price of $127.87. IBM: Get the latest IBM stock price and detailed information including IBM news, historical charts and realtime prices. During the earnings call, CEO Arvind Krishna justified this underwhelming performance with customers delaying projects and signing shorter service engagements amid economic uncertainty. International Business Machines Corp's share price could stay at $137.89 by Oct 20, 2021. IBM is likely to play a vital role in the blockchain domain through 2021 and beyond, driven by strength in its enterprise blockchain solutions. Granted, besides the operational risks, the reorganization of the company, which includes the spinoff of its legacy consulting business and the simplification of its go-to-market model, will lead to significant exceptional expenses of approximately $4 billion over the next 18 months. In addition, the planned spinoff of IBM's legacy consultancy activities led to longer negotiations that postponed some deals. A breakdown below any of these levels will issue sell signals. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. In this article we look at four leading artificial intelligence stocks that are likely to surge in 2021 and beyond as the future is built around us. Does it make the IT blue chip stock a good investment opportunity? (-3.29%) Is IBM Stock a Buy? $123.41 Investments in the hybrid cloud area have become key to IBM's transformation. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). A sell signal was issued from a pivot top point on Wednesday, March 10, 2021, and so far it has fallen -0.20%. The estimate shows the stock will end the year at about $107 and drop to $97 in December 2021. Please read the full disclaimer here. As IBM rolls out its numbers for the quarter, we discover that that assertion was quite thoroughly correct, and IBM remains still worthy of a buy and an addition to your portfolio. We are all together in this COVID-19 pandemic. On October 20, 2020 "BMO Capital Markets" gave "Neutral - Market Perform" rating for IBM. So management expects adjusted free cash flow to reach between $11 billion and $12 billion in 2021, and between $12 billion and $13 billion in 2022. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. For instance, the cloud specialist Red Hat, acquired by IBM in 2019 for $34 billion, grew 18% year over year on a normalized basis in 2020. IBM released earnings that came in at $4.71 per share, 2 cents ahead of the Street consensus forecast. Our recommended stop-loss: IBM stock had previously formed a first-stage cup with handle, with a 135.98 buy point. The average International Business Machines Corp stock price prediction forecasts a potential downside of N/A from the current IBM share price of $127.87. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy Candidate to a Hold/Accumulate candidate. More generally, revenue from cloud increased 8% year over year (at constant currency) to $7.5 billion and represented 37% of total revenue during the fourth quarter, up from 31% of the total in the prior-year period. Given the current short-term trend, the stock is expected to fall -3.25% during the next 3 months and, with a 90% probability hold a price between $112.42 and $124.92 at the end of this 3-month period. On average, Wall Street analysts predict that . Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterpri... Read more. After disappointing fourth-quarter results, management expects revenue growth in 2021 and beyond. The price has risen in 6 of the last 10 days and is up by 7.3% over the past 2 weeks. IBM stock is currently not a buy. The price target was set to $140.00 → $138.00. The stock should be watched closely. After a decade-plus of underperformance, it was time for some change. Support: $122.47, International Business Machines Corporation provides information technology (IT) products and services worldwide. @themotleyfool #stocks $IBM, Get Paid While You Wait: 3 Top Dividend Stocks in the Technology Sector, Why I Sold Verizon and Replaced It With IBM, IBM Stock Had a Terrible Quarter: Here's Why It's Still a Buy, Copyright, Trademark and Patent Information. A technical outlook: should I buy IBM stock … In 2017 IBM launched the blockchain services which power CLSNet, an automated settlement and trade netting processor which deals with overseas exchange transactions which aim to reduce the extra fees and hassles of converting currencies. (This stock has low daily movements and this gives low risk. IBM (NYSE: IBM) Alphabet (NASDAQ: GOOGL) Strong execution should lead to improving performance by the second half of the year. Resistance: $128.97 IBM stock price forecast for 2021: buy the dip, but only if you are ready to wait At $122, IBM shares are trading with a 23 per cent discount relative to the 52-week high. IBM's release indicated that the separation would end up as a tax-free spin-off to its shareholders, but it also gave the forecast that the deal would be completed by the end of 2021. In contrast to some high-growth tech specialists, the company won't generate spectacular results over the next few years, but its valuation corresponds to low expectations -- no growth -- despite increasing exposure to the promising hybrid cloud and AI markets. On 2021-03-10, IBM (IBM … Dell’s earnings trajectory is impressive DELL designs, develops, manufactures, markets, sells, and supports IT hardware, software, and services solutions worldwide. Is IBM Stock a Buy? There is a sell signal from a pivot top found 2 day(s) ago.). Looking to align the company with the current tech environment, IBM spent $34 billion to buy cloud giant Red Hat in 2019. Feb. 02, 2021 8:30 AM ET International Business Machines Corporation (IBM) 74 Comments 21 Likes. For instance, Red Hat signed a definitive agreement at the beginning of the year to acquire the security specialist StackRox and enhance its flagship hybrid cloud platform OpenShift with cloud-native security capabilities. IBM | Complete International Business Machines Corp. stock news by MarketWatch. The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. IBM shares are now 15 per cent cheaper than 12 months ago, and if the company's ambitious restructuring plans pay off, investors can expect significant gains – though probably not in 2021. IBM's rank also includes a long-term technical score of 28.