Gartner (IT) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last twelve months. There are currently 4 hold ratings and 2 buy ratings 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.
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6 Wall Street analysts have issued 1 year price targets for Gartner's stock. Their IT share price forecasts range from $300.00 to $391.00. On average, they expect the company's stock price to reach $357.86 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price.
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Gartner's stock was trading at $336.14 at the beginning of 2023. Since then, IT shares have increased by 2.0% and is now trading at $342.72.
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Gartner saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,160,000 shares, an increase of 15.5% from the April 30th total of 1,870,000 shares. Based on an average trading volume of 506,500 shares, the short-interest ratio is presently 4.3 days. Approximately 3.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) posted its quarterly earnings data on Tuesday, May, 2nd. The information technology services provider reported $2.88 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.84. The information technology services provider had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. Gartner had a trailing twelve-month return on equity of 772.55% and a net margin of 16.56%. The business's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share.
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ETFs with the largest weight of Gartner (NYSE:IT) stock in their portfolio include Invesco Focused Discovery Growth ETF (IVDG), OneAscent Large Cap Core ETF (OALC), Nuveen ESG Mid-Cap Growth ETF (NUMG), Putnam Sustainable Future ETF (PFUT), Franklin Exponential Data ETF (XDAT), Argent Mid Cap ETF (AMID), Motley Fool Next Index ETF (TMFX) and Nuveen Winslow Large-Cap Growth ESG ETF (NWLG).

Gartner declared that its Board of Directors has approved a stock buyback program on Tuesday, May 3rd 2022, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 2.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Gartner issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $9.50- for the period, compared to the consensus estimate of $9.41. The company issued revenue guidance of $5.90B-, compared to the consensus revenue estimate of $5.80 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (8.09%), FMR LLC (4.55%), State Street Corp (3.89%), Generation Investment Management LLP (2.58%), Envestnet Asset Management Inc. (2.18%) and Geode Capital Management LLC (2.05%). 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 $342.72.

Gartner (NYSE:IT) has a market capitalization of $27.09 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 $11.59 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.