#6 - IBM (NYSE:IBM)
Is Big Blue making a comeback? It certainly looks like it. International Business Machines (NYSE:IBM) has been in a multi-year pivot to the cloud. And by the looks of the company’s first-quarter earnings, the transition is beginning to bear fruit. Revenue was up slightly on a year-over-year basis which is no small achievement coming out of the pandemic.
To be fair, IBM stock is still a far cry from its record high close of over $213 per share in 2013. And the stock is still about 25% below the $180 level it reached in 2017. But IBM is up 18% in 2021 making it a solid choice in the old-school technology space.
IBM has increased its dividend for the past 21 years and in the last three years that dividend increase has averaged 10.34%. The combination of increasing revenue and a solid dividend make IBM a strong choice in an inflationary environment with interest rates likely to stay low for the foreseeable future.
About International Business Machines
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
Read More - Current Price
- $223.36
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 8 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $208.94 (6.5% Downside)
