Today we’re going to take a look at the well-established International Business Machines Corporation (NYSE:IBM). The company’s stock received a lot of attention from a substantial price increase on the NYSE over the last few months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s examine International Business Machines’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.
See our latest analysis for International Business Machines
Is International Business Machines Still Cheap?
The stock seems fairly valued at the moment according to my valuation model. It’s trading around 15% below my intrinsic value, which means if you buy International Business Machines today, you’d be paying a reasonable price for it. And if you believe the company’s