Despite demonstrating poor performance from 2013 to 2017, International Business Machines (IBM) has picked up momentum in the past couple months, currently boasting an elevated stock price of $167.34 as compared to previous November lows of $147. The company had experienced prolonged stock headwinds as a result of reporting consistent revenue decreases (sustained revenue decreases for 23 straight quarters), contractions in various legacy business, decreasing profits, and operational instability. However, over the past two months, IBM has outperformed its associated industry with the stock price experiencing a 10% upside from December lows to current levels in January. This article seeks to discern IBM's growth potential, assess the company's relevant financials, and predict the stock's performance in 2018.
