Although competing against a tech magnum such as Microsoft (MSFT), a company that demonstrated the ability to keep the business momentum up and running, IBM is still investing in cloud technology, looking forward to acquiring a faster pace of growth and development in oppose to its rivals.
When it comes to IBM and the performance of the company for the last quarter of 2018, the tech giant reported 12 billion dollars in cash with 45.18 billion in debt with additional revenue set at 79.59 billion dollars.
Additionally, IBM reported 11.53 billion dollars in free cash flow, making over 14% of the company’s net revenue for the mentioned period.
IBM (IBM) Stock: Should You Invest in IBM in 2019? IBM Forecast for 2019 and 2020
While IBM is managing to generate positive net revenue with showcasing solid metrics for the last quarter, 16 analysts offered their estimations for the period between April 2019 and April 2020 when it comes to IBM stock movement.
Based on historical data and according to analysts, IBM stock should see median target price of 140$ for the mentioned period, while its highest target price is set at 170$ per share.
Moreover, the lowest value according to the 16 investment analysts should be 115$ per share, which would be -20% down from its present price of 143.78$ per share with the latest closing.
IBM stock managed to rise by over 26% year to date, while the general consensus indicates that the stock should be ranked as “hold”.
Earning per share for the current quarter are set at 2.21$, while the company reported 18.5 billion dollars in sales.
As far as the end of 2020 concerned, the stock should see price per share set between the peak of 170$ and the low price of 130$ in the worst-case scenario based on historical data.