2024-04-21 06:04:33 ET
Summary
- There is a divergence of opinion on IBM stock between Wall Street and Main Street analysts.
- I will explain why I disagree with Wall Street and rate IBM stock as a BUY.
- I think Wall Street is dramatically underestimating its longer-term growth potential and totally ignoring the valuation discounts.
Thesis
There is a divergence of opinion on International Business Machines Corporation ( IBM ) between Wall Street and Main Street. As seen in the chart below, Seeking Alpha analysts (which approximates Main Street's view in my mind) are more bullish on IBM stock than Wall Street analysts. Seeking Alpha analysts have an overall BUY rating (3.91) while Wall Street analysts' overall rating is a HOLD (3.25)....
Read the full article on Seeking Alpha
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IBM: I Disagree With Wall Street