Analyst Says International Business Machines (IBM) is ‘One of the Sleepers’

We recently published Trending Analyst Calls: Top 10 Stocks. International Business Machines (NYSE:IBM) is one of the stocks analysts were recently talking about.

Rich Saperstein, Treasury Partners’ founding principal and CIO, discussed why he likes IBM shares during a program on CNBC. Here is why he likes the stock:

“Roughly 35% of the revenue is recurring. They have 64 billion total in revenue. It’s an AI infrastructure software play. They do AI consulting and also they’re coming out with the nextG mainframe. So IBM is one of the sleepers. It’s down 20% after they announced their last earnings. Probably a good company again peripheral right around the core of data center growth and that whole technology sleeve.”

While we acknowledge the risk and potential of IBM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IBM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.