Forecast Of The Day: IBM Infrastructure Revenues

January 5th, 2023 by Trefis Team
+6.48%
Upside
136
Market
145
Trefis
IBM: International Business Machines logo
IBM
International Business Machines

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
  1. Company Of The Day: IBM
  2. IBM Stock Falls Post Strong Earnings. Should You Buy?
  3. What To Expect From IBM’s Q2 Earnings?
  4. Company Of The Day: IBM
  5. Do Strong Q1 Results Set IBM Stock Up For A Rally?
  6. What’s Happening With IBM Stock?

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

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates