Analyst Says International Business Machines (IBM) is ‘One of the Sleepers’
We recently published Trending Analyst Calls: Top 10 Stocks. International Business Machines (NYSE:IBM) is one of the stocks analysts were recently talking about.
Rich Saperstein, Treasury Partners’ founding principal and CIO, discussed why he likes IBM shares during a program on CNBC. Here is why he likes the stock:
“Roughly 35% of the revenue is recurring. They have 64 billion total in revenue. It’s an AI infrastructure software play. They do AI consulting and also they’re coming out with the nextG mainframe. So IBM is one of the sleepers. It’s down 20% after they announced their last earnings. Probably a good company again peripheral right around the core of data center growth and that whole technology…
