As I started preparing for IBM's (NYSE:IBM) 1Q17 earnings report, expected to come out April 18th, I came to an interesting realization. It seems to me like the Street is pricing the stock too conservatively, given what I believe the company is able to produce, particularly in the longer term.
Credit: Tu Windows Mundo
This is not to say that IBM is likely to soon drive aggressive top-line growth or to drastically improve bottom-line results. I believe, however, that the bar is set too low for the tech blue chip, and that the stock is priced for unimpressive performance at best.
