This investor likes IBM right now

In an appearance on BNN Bloomberg Market Call on March 27, Velocity Investment Partners chief investment officer Brianne Gardner said she likes IBM (IBM Stock Quote, Chart, News, Analysts, Financials NYSE:IBM) because the company combines a stable core business with several emerging growth drivers, while still trading at what she views as a reasonable valuation.

Gardner said IBM remains deeply embedded in critical enterprise systems, giving it a durable base business, while its consulting arm is benefiting from demand tied to AI implementation.

She also pointed to the company’s position in hybrid cloud, where it helps customers manage data across multiple environments and to its early work in quantum computing, which she said is already being applied to materials design with potential implications for energy, healthcare and manufacturing.

“IBM is a name we like because it’s growing from multiple angles while still trading at a reasonable valuation,” Gardner said.

Gardner said the stock’s pullback in February appeared to reflect broader rotation and profit-taking across technology rather than a company-specific issue.

IBM shares have fallen 5.36% over the past 12 months but are up 77.77% over five years. Among analysts covering the stock, 12 rate it “Buy,” eight rate it “Hold” and two rate it “Sell,” with a consensus price target of US$320.15.

-30-

Tagged with: ibm
Tara Whittet

Tara Whittet is Senior Sales Manager at Cantech Letter.

Recent Posts

Two Canadian penny stocks analysts like in this market

Clean hydrogen technology and cellular concrete offer different investment opportunities, but analysts covering Syntholene Energy (Syntholene Energy Stock Quote, Chart,… [Read More]

2 days ago

Is Carrier Connect Data’s latest deal a game changer?

Beacon Securities analyst Gabriel Leung reiterated his “Buy” rating and $3.00 target on Carrier Connect Data Solutions (Carrier Connect Data… [Read More]

2 days ago

Two Canadian stocks with exposure to defence spending

Government drone orders and classified defence programs are supporting the growth outlooks for Volatus Aerospace (Volatus Aerospace Stock Quote, Chart,… [Read More]

2 days ago

Three Canadian stocks analysts love right now

Medical apparel, digital lending and mobile security offer three different growth stories, but analysts covering iFabric, Propel Holdings and Zedcor… [Read More]

2 days ago

ADF Group: Buy, Sell or Hold?

Ventum Capital Markets analyst Daniel Lavoie reiterated his “Buy” rating and $20.50 target on ADF Group (ADF Group Stock Quote,… [Read More]

2 days ago

This investor loves Enerflex right now

Lightwater Partners portfolio manager Jerome Hass says Enerflex (Enerflex Stock Quote, Chart, News, Analysts, Financials TSX:EFX) offers an attractive way… [Read More]

2 days ago