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.
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7 analysts have issued 12-month target prices for Gartner's shares. Their IT share price forecasts range from $300.00 to $391.00. On average, they expect the company's share price to reach $361.00 in the next twelve months. This suggests a possible upside of 1.3% 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 at the start of the year. Since then, IT shares have increased by 6.0% and is now trading at $356.26.
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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 days-to-cover ratio is currently 2.5 days. Approximately 1.5% 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, November 7th 2023.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) announced its earnings results on Tuesday, August, 1st. The information technology services provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.51 by $0.34. The information technology services provider had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a trailing twelve-month return on equity of 310.25% and a net margin of 16.08%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.85 EPS.
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 initiated a stock repurchase plan on Tuesday, May 3rd 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Gartner updated its FY23 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of at least $10.00 for the period, compared to the consensus earnings per share 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."

Gartner's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.89%), State Street Corp (3.97%), Geode Capital Management LLC (2.11%), Principal Financial Group Inc. (1.52%), Goldman Sachs Group Inc. (1.37%) and Brown Advisory Inc. (1.28%). Insiders that own company stock include 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, 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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One share of IT stock can currently be purchased for approximately $356.26.

Gartner (NYSE:IT) has a market capitalization of $28.08 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.