IBM's Return To The Throne Could Take Longer Than I Expected (Rating Downgrade)
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IBM's stock is experiencing bullish technicals, but mixed earnings and sluggish revenue growth have led to a rating downgrade. The P/S ratio is near three-year highs, indicating potential overvaluation.
February 10, 2025 | 7:15 am
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IBM's stock has been downgraded due to mixed earnings and sluggish revenue growth, despite bullish technical indicators. The high P/S ratio suggests potential overvaluation.
The downgrade is based on mixed earnings results and sluggish revenue growth, which do not justify the high P/S ratio. This suggests that the stock may be overvalued, leading to a likely short-term price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100