IBM Stock Upgraded: Set To Go Higher In 2018

IBM Rallies On Barclays Upgrade

Shares of IBM rose almost 3% yesterday after positive comments by Barclays analyst Mark Moskowitz.

As noted in our New Year’s Special, IBM is on our “Best for ’18” list. This is based in part on their move into blockchain and what that means for their product ecosystem.

IBM recently launched a joint venture with transport company Maersk that will use blockchain technology to track cargo shipments.

Note our projections as the current short-term cycle comes to an end.

Visit our site for more cycle analysis and research.

IBM Stock Chart with Weekly Bars

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