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 4 hold ratings and 3 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 Wall Street research analysts have issued 1 year price objectives for Gartner's stock. Their IT share price forecasts range from $300.00 to $391.00. On average, they predict the company's share price to reach $359.00 in the next year. This suggests a possible upside of 14.9% 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 beginning of 2023. Since then, IT shares have decreased by 7.0% and is now trading at $312.46.
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Gartner saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 1,310,000 shares, a drop of 11.5% from the February 28th total of 1,480,000 shares. Based on an average daily trading volume, of 444,800 shares, the short-interest ratio is presently 2.9 days. Approximately 1.8% 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, May 2nd 2023.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) posted its quarterly earnings data on Tuesday, February, 7th. The information technology services provider reported $3.70 earnings per share for the quarter, topping the consensus estimate of $2.57 by $1.13. The information technology services provider earned $1.51 billion during the quarter, compared to analysts' expectations of $1.45 billion. Gartner had a trailing twelve-month return on equity of 2,645.96% and a net margin of 14.75%. Gartner's revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.99 EPS.
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ETFs with the largest weight of Gartner (NYSE:IT) stock in their portfolio include Invesco Focused Discovery Growth ETF (IVDG), Nuveen ESG Mid-Cap Growth ETF (NUMG), Putnam Sustainable Future ETF (PFUT), Invesco DWA Technology Momentum ETF (PTF), Franklin Exponential Data ETF (XDAT), Argent Mid Cap ETF (AMID), Motley Fool Next Index ETF (TMFX) and IQ Winslow Large Cap Growth ETF (IWLG).

Gartner declared that its board has approved a stock buyback plan on Tuesday, May 3rd 2022, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 2.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Gartner updated its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share (EPS) guidance of $8.80- for the period, compared to the consensus EPS estimate of $9.53. The company issued revenue guidance of $5.87B-, compared to the consensus revenue estimate of $5.90 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 many different institutional and retail investors. Top institutional shareholders include Bamco Inc. NY (6.20%), Polen Capital Management LLC (3.47%), Morgan Stanley (2.72%), Generation Investment Management LLP (2.59%), Geode Capital Management LLC (2.00%) and Winslow Capital Management LLC (1.49%). 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 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 $312.46.

Gartner (NYSE:IT) has a market capitalization of $24.70 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 $9.99 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.