Gartner - IT Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IT shares.
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6 equities research analysts have issued 12-month price targets for Gartner's shares. Their IT share price forecasts range from $265.00 to $365.00. On average, they anticipate the company's stock price to reach $321.67 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
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Gartner's stock was trading at $334.32 at the beginning of the year. Since then, IT shares have decreased by 17.2% and is now trading at $276.69.
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Gartner saw a increase in short interest in 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 currently 3.0 days. Approximately 2.0% of the company's shares are short sold.
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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 earnings per share (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 the consensus estimate of $1.32 billion. Gartner had a trailing twelve-month return on equity of 497.67% and a net margin of 14.42%. Gartner's quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.24 EPS.
Read the conference call transcript.

Gartner declared that its board has initiated a stock buyback 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 often 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 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."

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 $276.69.

Gartner (NYSE:IT) has a market capitalization of $21.88 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.