Gartner - IT Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last twelve months. 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 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 predict the company's share price to reach $344.38 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
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Gartner's stock was trading at $336.14 at the beginning of the year. Since then, IT shares have decreased by 1.3% and is now trading at $331.62.
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Gartner saw a increase in short interest in January. As of January 15th, there was short interest totaling 1,210,000 shares, an increase of 6.1% from the December 31st total of 1,140,000 shares. Based on an average daily volume of 431,500 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.7% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our IT earnings forecast.

Gartner will be holding an earnings conference call on Tuesday, February 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Gartner, Inc. (NYSE:IT) issued its quarterly earnings data on Tuesday, November, 1st. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.56. The information technology services provider had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.27 billion. Gartner had a trailing twelve-month return on equity of 1,234.18% and a net margin of 14.41%.

Gartner announced that its board has initiated a share repurchase plan 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 buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Gartner issued an update on its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of $10.06- for the period, compared to the consensus EPS 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 retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.39%), Wedge Capital Management L L P NC (0.24%), Scout Investments Inc. (0.24%), New York State Teachers Retirement System (0.12%), Calamos Advisors LLC (0.07%) and Natixis Advisors L.P. (0.06%). 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.
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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 $331.62.

Gartner (NYSE:IT) has a market capitalization of $26.21 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.