11 Best Consulting Stocks to Buy Right Now

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1. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Investors: 56

International Business Machines Corporation (NYSE:IBM), widely known as IBM, is a global technology leader and consulting powerhouse. The company provides integrated solutions and services in over 175 countries. International Business Machines Corporation’s (NYSE:IBM) Consulting segment supports digital transformation by helping clients optimize their strategies and operations using advanced technologies and expertise.

In the consulting sector, International Business Machines Corporation (NYSE:IBM) is actively working to capture new opportunities and maintain its position as a strategic partner for clients undergoing digital transformations. International Business Machines Corporation (NYSE:IBM) is focusing on its Granite AI models, a series of open-source, large language models (LLMs) designed to provide clients with tailored solutions to address specific business needs, that are both cost-efficient and highly effective. By providing a versatile and scalable AI solution, IBM’s Granite models are helping clients accelerate their AI initiatives and drive innovation across various industries. The company reported a robust book of business in generative AI, with over $1 billion of new bookings in the Q3, and is partnering with key technology players like AWS, Salesforce, and SAP to deliver comprehensive AI solutions.

International Business Machines Corporation (NYSE:IBM) is also leveraging its expertise in AI and automation to focus on high-value, recurring revenue streams, which are expected to expand the company’s operating margin and free cash flow generation capability.

While we acknowledge the potential of International Business Machines Corporation (NYSE:IBM) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than IBM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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