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 Wall Street analysts have issued twelve-month price targets for Gartner's shares. Their IT share price forecasts range from $265.00 to $365.00. On average, they predict the company's stock price to reach $321.67 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
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Gartner's stock was trading at $334.32 at the start of the year. Since then, IT shares have decreased by 17.8% and is now trading at $274.75.
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Gartner saw a drop in short interest during the month of August. As of August 15th, there was short interest totaling 1,150,000 shares, a drop of 12.9% from the July 31st total of 1,320,000 shares. Based on an average trading volume of 463,600 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.6% 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, November 1st 2022.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) announced its earnings results on Tuesday, August, 2nd. The information technology services provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.15 by $0.70. The information technology services provider had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.32 billion. Gartner had a net margin of 14.42% and a trailing twelve-month return on equity of 497.67%. The firm's quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.24 EPS.
Read the conference call transcript.

Gartner announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 3rd 2022, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Gartner issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $8.85- for the period, compared to the consensus EPS 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 many different institutional and retail investors. Top institutional investors include State Street Corp (3.87%), FMR LLC (2.99%), Goldman Sachs Group Inc. (1.59%), Principal Financial Group Inc. (1.43%), Northern Trust Corp (1.25%) and Millennium Management LLC (1.20%). 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.
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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 $274.75.

Gartner (NYSE:IT) has a market capitalization of $21.73 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.