Gartner - IT Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 1 year target prices for Gartner's stock. Their IT share price forecasts range from $265.00 to $391.00. On average, they expect the company's stock price to reach $340.50 in the next twelve months. This suggests that the stock has a possible downside of 2.0%.
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Gartner's stock was trading at $334.32 at the beginning of 2022. Since then, IT shares have increased by 3.9% and is now trading at $347.38.
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Gartner saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 1,170,000 shares, an increase of 9.3% from the October 15th total of 1,070,000 shares. Based on an average daily volume of 505,800 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.7% of the shares of the stock are sold short.
View Gartner's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) posted its quarterly earnings results on Tuesday, November, 2nd. The information technology services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.38. The information technology services provider earned $1.16 billion during the quarter, compared to analysts' expectations of $1.13 billion. Gartner had a net margin of 14.41% and a trailing twelve-month return on equity of 1,234.18%. During the same quarter in the previous year, the business earned $0.91 EPS.
Read the conference call transcript.

Gartner announced that its board 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 purchase up to 2.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

Gartner updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of $10.06- for the period, compared to the consensus estimate of $9.13. The company issued revenue guidance of $5.41B-, compared to the consensus revenue estimate of $5.24 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.43%), BlackRock Inc. (7.69%), State Street Corp (3.86%), Polen Capital Management LLC (3.65%), Massachusetts Financial Services Co. MA (2.82%) and Bank of New York Mellon Corp (1.02%). 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, Kendall B Davis, Kenneth Allard, Michael P Harris, Michael Patrick Diliberto, Robin B Kranich, Scott Hensel and Yvonne Genovese.
View institutional ownership trends.

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 $347.38.

Gartner (NYSE:IT) has a market capitalization of $27.45 billion and generates $4.73 billion in revenue each year. The information technology services provider earns $793.56 million in net income (profit) each year or $9.28 on an earnings per share basis.

The company employs 16,600 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.