Gartner Stock Price, News & Analysis (NYSE:IT)

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IT, but not buy additional shares or sell existing shares.
View IT analyst ratings or view top-rated stocks.

4 analysts have issued 1 year price targets for Gartner's stock. Their IT share price targets range from $346.00 to $380.00. On average, they anticipate the company's stock price to reach $366.50 in the next twelve months. This suggests that the stock has a possible downside of 18.1%.
View analysts price targets for IT or view top-rated stocks among Wall Street analysts.

Gartner's stock was trading at $336.14 on January 1st, 2023. Since then, IT shares have increased by 33.1% and is now trading at $447.44.
View the best growth stocks for 2023 here.

Gartner saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 1,790,000 shares, an increase of 33.6% from the October 15th total of 1,340,000 shares. Based on an average daily trading volume, of 473,200 shares, the short-interest ratio is currently 3.8 days. Approximately 2.4% of the company's shares are short sold.
View Gartner's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) announced its quarterly earnings results on Friday, November, 3rd. The information technology services provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.60. The information technology services provider earned $1.41 billion during the quarter, compared to analysts' expectations of $1.39 billion. Gartner had a trailing twelve-month return on equity of 206.71% and a net margin of 15.97%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.41 earnings per share.
Read the conference call transcript.

ETFs with the largest weight of Gartner (NYSE:IT) stock in their portfolio include Invesco Next Gen Media and Gaming ETF (PBS), Invesco Focused Discovery Growth ETF (IVDG), OneAscent Large Cap Core ETF (OALC), BTD Capital Fund (DIP), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Nuveen ESG Mid-Cap Growth ETF (NUMG), Argent Mid Cap ETF (AMID) and Franklin Exponential Data ETF (XDAT).

Gartner declared that its Board of Directors has authorized a stock repurchase plan on Friday, November 3rd 2023, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Gartner updated its FY23 earnings guidance on Friday, November, 3rd. The company provided earnings per share guidance of at least $10.90 for the period, compared to the consensus EPS estimate of $10.29. The company issued revenue guidance of at least $5.89 billion, compared to the consensus revenue estimate of $5.88 billion.

2,199 employees have rated Gartner Chief Executive Officer Gene Hall on Glassdoor.com. Gene Hall has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gartner investors own include NVIDIA (NVDA), Netflix (NFLX), Adobe (ADBE), Boeing (BA), Broadcom (AVGO), Mastercard (MA), Micron Technology (MU), Walt Disney (DIS), Intel (INTC) and Salesforce (CRM).

Gartner's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bamco Inc. NY (5.97%), Massachusetts Financial Services Co. MA (4.23%), FMR LLC (3.71%), Morgan Stanley (2.77%), Polen Capital Management LLC (2.46%) and Wellington Management Group LLP (2.12%). Insiders that own company stock include Akhil Jain, Alwyn Dawkins, Anne Sutherland Fuchs, Claire Herkes, Craig Safian, Eileen Serra, Eugene A Hall, James C Smith, Joseph P Beck, Jules Kaufman, Karen E Dykstra, Kenneth Allard, Michael P Harris, Michael Patrick Diliberto, Richard J Bressler, Robin B Kranich, Scott Hensel, Valentin Sribar, William James Wartinbee III and Yvonne Genovese.
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Shares of IT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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