Forecast Of The Day: IBM’s Cloud & Cognitive Solutions Revenue
What?
Trefis expects IBM’s (NYSE:IBM) Cloud & Cognitive Solutions revenues to rise from around $23.4 billion in 2020 to $23.7 billion in 2021 and around $24 billion in 2022. We estimate that the segment is IBM’s most valuable business.
Why?
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We expect sales to be driven by steady demand growth for data analytics, Artificial Intelligence (AI), and Machine Learning (ML) solutions, and other cloud-based solutions.
So What?
However, we think that the projected growth is already priced into IBM stock, which we value at about $146 per share, in line with the current market price.
See Our Complete Analysis For IBM
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