The Blues for the Big Blue may be over. |
IBM (International Business Machines corporation) was founded on June 16, 1911, and nicknamed the Big Blue among the blue-chip stocks. |
For decades, its share prices climbed while steadily performing in the higher tiers respected for quality up to a few years ago. One of its downfalls noted was not embracing cloud computing earlier. |
However, with its latest acquisition of Red Hat for $34 billion, it may now have an edge to augment with other companies. |
Investors are predicting that the earnings report set for January 22, 2019 may exceed market expectations. For now, IBM trades in a range of 118.30 -123.94 with an average trading volume of 4,979,431. |
The estimated value target by the end of the year is around 157.89. |
Do you think this is realistic or achievable? |
Plan Your Trades Ahead. |
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