IBM Stock Price Forecast: 2021, and Beyond
Tech giant IBM beat its earnings expectations, despite a 3% drop in turnover in 2020. But the drop in turnover for the third consecutive quarter disappointed investors. The cloud business is a major growth driver (+ 7%), while the traditional activities (-4%) weigh on growth.
The group, therefore, wants to split off these more 'traditional' activities from the fast-growing ones. The legacy business (especially IT infrastructure services) has to go its own way in a separate, listed vehicle. The 110-year-old company, which is included in major US indices, the Dow Jones and S&P 500, wants to innovate and become a... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cvzO
