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IBM Stock Forecast: Why IBM Is Still A Buy

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

International Business Machines’ stock already touts a year-to-date return of +23.90%. I am still endorsing it as a buy.
I am highly confident that the $34 billion Red Hat acquisition will boost IBM’s revenue performance going forward.
Red Hat can further fortify IBM’s huge presence in the $310.2 billion annual enterprise application software market.
IBM has a decades-long partnership with multinational banks. I see this niche market of financial/banking services software as a long-term tailwind.
Compared to its software industry peers, IBM is notably undervalued.