IBM (IBM) Earnings Overview: Don't Expect Price To Grow

IBM Corp. (IBM) will benefit from overall robust demand for enterprise software and IT consulting, according to a Morningstar analyst note. Kim Forrest and Julie Bhusal discuss the major takeaways from IBM's earnings which were released yesterday, January 25th. They talk about how IBM's 4Q revenue came in at $16.40B versus an estimated $16.38B. Kim notes that investors shouldn't expect IBM's price to grow like smaller tech company's stock prices. They then go over finding opportunities in the tech sector, highlighting Workday (WDAY). Tune in to find out more about the stock market today.

Trading 360

26 Jan 2023

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