Forecast Of The Day: IBM Infrastructure Revenues
What?
IBM’s (NYSE:IBM) Infrastructure Revenues fell from $15.8 billion in 2019 to $14.2 billion in 2021. Trefis expects the metric to rebound to close to $16 billion by 2024.
Why?
Relevant Articles
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We expect growth to be driven partly by the recent launch of the new Z16 mainframe systems.
So What?
We remain neutral on IBM stock with a $145 price estimate.
See our complete analysis for IBM
What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
| Returns | Jan 2023 MTD [1] |
2023 YTD [1] |
2017-23 Total [2] |
| IBM Return | 1% | 1% | -14% |
| S&P 500 Return | 0% | 0% | 72% |
| Trefis Multi-Strategy Portfolio | 2% | 2% | 221% |
[1] Month-to-date and year-to-date as of 1/5/2023
[2] Cumulative total returns since the end of 2016
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