Paul Meeks on Yahoo! Finance Explains Why IBM is ‘Definitely Back’
Following IBM’s triumphant victory in beating fourth-quarter earnings, driven by a resounding demand for AI, the stage was set for Citadel’s distinguished Accounting & Finance Professor, Paul Meeks, to grace Yahoo Finance Live with his expertise.
With unwavering confidence, Meeks declared, “the company is definitely back!” However, the suspense lingers in the air, as the burning question remains: Has IBM’s renaissance been fully etched into its stock value?
In a tone that suggests he’s savoring the moment, Meeks dubs it a “pretty nice quarter.” Yet, he artfully paints a picture of IBM’s stock as being on the cusp of “slightly expensive to modestly expensive,” a rapid surge of 6-7% in a single, electrifying session.
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