Added to YB: 2024-01-31
Pitch date: 2024-01-30
IBM [bullish]
International Business Machines Corporation
+75.73%
current return
Author Info
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Company Info
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.
Market Cap
$290.2B
Pitch Price
$175.98
Price Target
277.53 (-10%)
Dividend
2.16%
EV/EBITDA
20.90
P/E
37.08
EV/Sales
5.23
Sector
IT Services
Category
turnaround
IBM 2024 Outlook: Uniquely Set To Ride The Open-Source AI Wave
IBM pivots to open-source AI & hybrid cloud with Red Hat buy, Kyndryl spinout. Meta deal integrates Llama 2 into Watsonx for enterprise AI lead. Q4 EPS beat at $3.87, AI progress doubles Watsonx biz QoQ. 80% payout ratio offset by capital-efficient open-source model. 18.6x fwd P/E vs industry & ACN at 30.4x. Mid-single-digit rev growth could align P/E to sector for big upside. Buy on AI growth potential.
Read full article (6 min)