Gartner (IT) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

7 brokers have issued 1-year target prices for Gartner's stock. Their IT share price forecasts range from $300.00 to $391.00. On average, they predict the company's stock price to reach $361.00 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
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 2.2% and is now trading at $343.61.
View the best growth stocks for 2023 here.

Gartner saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 1,160,000 shares, an increase of 6.4% from the July 31st total of 1,090,000 shares. Based on an average trading volume of 462,800 shares, the short-interest ratio is presently 2.5 days. Currently, 1.5% of the shares of the company are short sold.
View Gartner's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) issued its quarterly earnings data on Tuesday, August, 1st. The information technology services provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.34. The information technology services provider earned $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. Gartner had a net margin of 16.08% and a trailing twelve-month return on equity of 310.25%. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 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 announced that its board has approved a share buyback program on Tuesday, May 3rd 2022, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

Gartner issued an update on its FY23 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of at least $10.00 for the period, compared to the consensus EPS estimate of $10.04. The company issued revenue guidance of at least $5.85 billion, compared to the consensus revenue estimate of $5.81 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "IT."

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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One share of IT stock can currently be purchased for approximately $343.61.

Gartner (NYSE:IT) has a market capitalization of $27.08 billion and generates $5.48 billion in revenue each year. The information technology services provider earns $807.80 million in net income (profit) each year or $11.54 on an earnings per share basis.

The company employs 19,500 workers across the globe.

Gartner's mailing address is 56 TOP GALLANT RD P O BOX 10212, STAMFORD CT, 06904. The official website for the company is www.gartner.com. The information technology services provider can be reached via phone at (203) 964-0096, via email at investor.relations@gartner.com, or via fax at 203-316-6488.