The Quiet Giant: Is A $192 Future Still In Play?
IBM has a lot of understated, misunderstood, visionary initiatives under its belt starting last year. The name is no longer what it used to be, but IBM has pivoted before under Lou G. and it can definitely do so again if given time and proper execution. There is a small, but powerful minority that will always root for this stock and that will help propel it on any good momentum or guidance. If IBM continues to soak up and lean into the initiatives that it's begun to focus on with cloud, enterprise, AI, supercomputing and more relevant topics, then there is no doubt new management will be able to slowly, but surely transform this old behemoth into a powerful titan with new, relevant skin.
Short term, and perhaps for the year, a $175 price target is easily attainable with good, stable guidance and matched targets. With beats, positive market sentiment and sustained FY '18 guidance that has been reiterated already, hitting $180 is doable. Hitting that magical $192 level would be frosting and cherries on top of having already gotten back to 2015 levels. Expect IBM to be a serious contender at that point.
Short term, and perhaps for the year, a $175 price target is easily attainable with good, stable guidance and matched targets. With beats, positive market sentiment and sustained FY '18 guidance that has been reiterated already, hitting $180 is doable. Hitting that magical $192 level would be frosting and cherries on top of having already gotten back to 2015 levels. Expect IBM to be a serious contender at that point.
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