IBM Stock: International Business Machines Corp. Is Going Places

When it comes to technology stocks, it’s difficult to determine whether or not a particular company has long-term potential, as the industry is constantly changing. There are very few exceptions to this rule, but International Business Machines Corp. (IBM) is one of them. IBM Stock Is Undervalued IBM stock fell out of favor with investors a few years ago when its core business — desktop computers — began to fade in popularity. While the stock has gained nearly 17% so far this year, at $162 per share IBM is still far from the more than $200 share price it boasted back in 2013. That means it isn’t a bargain basement buy, but with a price-to-earnings ratio of just 13.1, IBM stock is certainly undervalued. Investors’ worries about IBM are not…


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