Why Goldman Sachs Is Bullish On IBM
Why Goldman Sachs Is Bullish On IBM
International Business Machines Corp (NYSE:IBM) shares are trading higher after Goldman Sachs analyst James Schneider initiated coverage with a Buy rating and announced a price target of $200.
高盛分析師詹姆斯•施耐德啓動買入評級，併發布了200美元的目標價，此時國際商業機器股份有限公司（NYSE: IBM）股票正在交易上漲。
The analyst noted the industry is amid a cyclical correction driven by IT spending constraints, a near-term shift in spending priorities toward AI-focused CapEx, and away from Software and Services.
該分析師指出，該行業正處於一個週期性調整中，這是由於IT支出的限制，近期支出重心向以人工智能爲重點的資本支出和遠離軟件和服務。
At the same time, Schneider noted investors are grappling with the secular question of whether Generative AI represents a significant threat to the IT Services sector.
同時，施耐德指出，投資者正在努力解決的一個根本性問題是，生成式人工智能是否對IT服務行業構成了重大威脅。
Generative AI will likely be a net benefit for the sector, but it may take some time to realize these benefits because of the technical debt corporations must overcome before realizing the benefits of AI, the analyst said.
該分析師表示，生成式人工智能可能會對該行業產生淨利益，但出於技術上的原因，公司必須克服技術債務才能實現人工智能的好處，並且可能需要一些時間才能實現這些好處。
The market is conflating these cyclical and secular risks, which presents a significant opportunity in select names at this point in the cycle.
目前市場混淆了這些週期性和結構性風險，這對於此時週期內的某些選定行業板塊的個別股票而言，提供了重要的機會。
Schneider is most bullish on names that he noted are positioned to be structural market share gainers in the shift to Generative AI.
施耐德看好的股票是那些在生成式人工智能轉型中定位良好的結構性市場份額獲得者。
Schneider will be more broadly constructive on the sector pending more signs of positive demand momentum – which he did not expect to occur before early 2025.
施耐德表示，除非有更多正面需求勢頭的跡象（他不指望在2025年初之前實現），否則他將更廣泛地支持該領域。
Is IBM A Good Stock To Buy?
IBM是否是一個好的股票買入選擇？
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like IBM's page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
投資者在決定一個股票是否是一個好的購買選擇時，可以做出幾個決策。除了估值指標和價格走勢，投資者還可以在Benzinga報價頁面上（例如IBM的頁面）查找公司是否支付股息或每季度大量購買自己的股票等因素。
These are known as capital allocation programs. IBM does pay a dividend, which yields 4.24% per year as of the closing price on Jun. 24, 2024. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
這些因素被稱爲資本分配計劃。截至2024年6月24日收盤價，IBM確實支付了4.24%的股息。也歡迎查閱Benzinga的分紅日曆，以確定下一個即將支付分紅的公司，以及您可以持有該公司的股票獲得的收益。
For example, if you're looking to earn an annualized return of 19.77%, you'll need to buy a share of Dividend Gwth Split by the Jun. 28, 2024. Once done, you can expect to receive a nominal payout of $0.1 on Jul. 15, 2024.
股票回購計劃顯然不同且高度可變。公司可以批准回購計劃，並在批准回購計劃的時間內根據需要購買股票。查看最新的Sunrise New Energy新聞通常可以得知該公司是否最近批准了回購計劃。回購計劃通常作爲支撐股價的手段，是需求的後盾。
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on IBM will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
回購計劃顯然是不同的，而且變化很大。公司可以批准回購計劃，並根據授權回購期間內自由購買股票。瀏覽IBM的最新新聞往往可以了解到公司是否最近批准了回購計劃。回購計劃通常作爲股價的支撐，爲需求提供後盾。
Price Action: IBM shares traded higher by 1.73% to $175.45 at the last check on Monday.
股票價格：截至週一，IBM股價上漲了1.73%，報收於175.45美元。
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圖片來自shutterstock。
譯文內容由第三人軟體翻譯。