This investor likes IBM right now
Velocity Investment Partners' chief investment officer Brianne Gardner likes IBM due to its stable core business and emerging growth drivers. IBM's stock has fallen 5.36% over the past 12 months but is up 77.77% over five years, with a consensus price target of US$320.15.
Brianne Gardner, Velocity Investment Partners' chief investment officer, likes IBM. The company has a stable core business and emerging growth drivers, including its consulting arm and position in hybrid cloud. IBM is also working on quantum computing, which has potential implications for energy, healthcare, and manufacturing. The stock's pullback in February was due to broader rotation and profit-taking in technology. IBM shares have fallen 5.36% over the past 12 months but are up 77.77% over five years. Analysts have a consensus price target of US$320.15.
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