Gartner - IT Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IT shares.
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6 brokerages have issued 1-year price objectives for Gartner's shares. Their IT share price forecasts range from $265.00 to $365.00. On average, they expect the company's share price to reach $321.67 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
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Gartner's stock was trading at $334.32 at the beginning of 2022. Since then, IT shares have decreased by 11.8% and is now trading at $294.85.
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Gartner saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,430,000 shares, an increase of 25.4% from the August 31st total of 1,140,000 shares. Based on an average trading volume of 474,700 shares, the short-interest ratio is presently 3.0 days. Approximately 2.0% of the shares of the company are sold short.
View Gartner's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) released its quarterly earnings data on Tuesday, August, 2nd. The information technology services provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.14 by $0.71. The information technology services provider earned $1.38 billion during the quarter, compared to analyst estimates of $1.32 billion. Gartner had a trailing twelve-month return on equity of 497.67% and a net margin of 14.42%. The business's revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.24 earnings per share.
Read the conference call transcript.

Gartner announced that its board has authorized a stock buyback program on Tuesday, May 3rd 2022, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Gartner issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $8.85- for the period, compared to the consensus earnings per share estimate of $8.06. The company issued revenue guidance of $5.35B-, compared to the consensus revenue estimate of $5.31 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 retail and institutional investors. Top institutional shareholders include Spence Asset Management (0.05%) and Wedmont Private Capital (0.00%). Insiders that own company stock include Alwyn Dawkins, Anne Sutherland Fuchs, Craig Safian, David K Mcveigh, 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 $294.85.

Gartner (NYSE:IT) has a market capitalization of $23.32 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 $8.87 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.