NYSE:IT

Gartner Stock Forecast, Price & News

$243.92

+2.09 (+0.86%)

(As of 07/1/2022 03:57 PM ET)

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Today's Range: $239.88
▼
$245.45
50-Day Range: $224.07
▼
$298.57
52-Week Range: $221.39
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$368.99

Volume: 10,013 shs
Average Volume: 556,027 shs
Market Capitalization: $19.65 billion

P/E Ratio: 25.76
Dividend Yield: N/A
Price Target: $309.00

Gartner Stock Forecast (MarketRank)

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 26.7% Upside
$309.00 Price Target
Short Interest: Healthy
1.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.37
Upright™ Environmental Score
News Sentiment: 0.33
Based on 13 Articles This Week
Insider Trading: Selling Shares
$1.76 M Sold Last Quarter
Proj. Earnings Growth: 10.81%
From $8.14 to $9.02 Per Share

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.42 out of 5 stars

Business Services Sector

77th out of 466 stocks

Management Services Industry

3rd out of 9 stocks

3.3 Analyst's Opinion

Consensus Rating
Gartner has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $309.00, Gartner has a forecasted upside of 26.7% from its current price of $243.92.
Amount of Analyst Coverage
Gartner has only been the subject of 4 research reports in the past 90 days.

3.0 Short Interest

Percentage of Shares Shorted
1.59% of the float of Gartner has been sold short.
Short Interest Ratio / Days to Cover
Gartner has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Gartner has recently increased by 12.73%, indicating that investor sentiment is decreasing significantly.

0.0 Dividend Strength

Dividend Yield
Gartner does not currently pay a dividend.
Dividend Growth
Gartner does not have a long track record of dividend growth.

3.6 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Gartner has received a 66.05% net impact score from Upright. The largest positive contribution comes from its "Creating knowledge" impact, which is mostly driven by its "Digitalization research", "Artificial intelligence research", and "Financial consulting" products. See details.
Environmental Sustainability
The Environmental Impact score for Gartner is -0.37.

1.9 News and Social Media Coverage

News Sentiment
Gartner has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Gartner this week, compared to 14 articles on an average week.
Search Interest
7 people have searched for IT on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.

3.3 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gartner insiders have sold 895.74% more of their company's stock than they have bought. Specifically, they have bought $176,393.00 in company stock and sold $1,756,421.00 in company stock.
Percentage Held by Insiders
Only 3.70% of the stock of Gartner is held by insiders.
Percentage Held by Institutions
92.05% of the stock of Gartner is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Gartner are expected to grow by 10.81% in the coming year, from $8.14 to $9.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Gartner is 25.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gartner is 25.76, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 17.48.
Price to Book Value per Share Ratio
Gartner has a P/B Ratio of 54.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Gartner (NYSE:IT)

Gartner, Inc. operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts. The Conferences segment offers business professionals in an organization the opportunity to learn, share, and network. The Consulting segment offers market research, custom analysis, and on-the-ground support services. This segment also offers actionable solutions for IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut.

July 1, 2022 | businesswire.com

Datamatics Recognized in the 2022 Gartner® Magic Quadrant™ for Finance and Accounting BPO - Business Wire

July 1, 2022 | techcrunch.com

Gartner says Chromebooks take biggest hit as PC sales plunge - TechCrunch

June 30, 2022 | reuters.com

Gartner revises 2022 mobile sales estimates to fall 7.1% - Reuters

June 30, 2022 | finance.yahoo.com

Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

June 30, 2022 | finance.yahoo.com

Gartner revises 2022 mobile sales estimates to fall 7.1% - Yahoo Finance

June 30, 2022 | finance.yahoo.com

Gartner revises 2022 mobile sales estimates to fall 7.1%

June 30, 2022 | finance.yahoo.com

Global smartphone, PC shipments to decline in 2022 on China slowdown - Gartner

June 29, 2022 | businesswire.com

Secure Code Warrior Recognized in Gartner's Cool Vendors in Software Engineering: Enhancing Developer Productivity - Business Wire

June 29, 2022 | businesswire.com

Anunta Tech Join the Gartner® Peer Insights™ Customer First program for the DaaS Market, Becomes One of the Pioneers in the DaaS Market to Earn the Customer First Badge - Business Wire

June 29, 2022 | globenewswire.com

TigerGraph Recognized in the Gartner® Peer Insights® 'Voice of the Customer': Cloud Database Management Systems Report - GlobeNewswire

June 29, 2022 | finance.yahoo.com

Anunta Tech Join the Gartner® Peer Insights™ Customer First program for the DaaS Market, Becomes One of the Pioneers in the DaaS Market to Earn the Customer First Badge - Yahoo Finance

June 23, 2022 | finance.yahoo.com

Talkmap® named in the 2022 Gartner® Cool Vendors™ in Conversational and Natural Language Technology report - Yahoo Finance

June 23, 2022 | businesswire.com

Multiverse Computing Named a 2022 Gartner Cool Vendor in Quantum Computing - Business Wire

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Management services
Sub-Industry: IT Consulting & Other Services
Sector: Business Services
Current Symbol: NYSE:IT
CUSIP: 36665110
CIK: 749251
Web: www.gartner.com
Phone: (203) 964-0096
Fax: 203-316-6488
Employees: 16,600
Year Founded: 1979

Company Calendar

Last Earnings: 5/03/2022
Today: 7/01/2022
Next Earnings (Estimated): 8/02/2022
Fiscal Year End: 12/31/2022

Price Target and Rating

Average Stock Price Forecast: $309.00
High Stock Price Forecast: $375.00
Low Stock Price Forecast: $265.00
Forecasted Upside/Downside: +26.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.5
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $9.47
Trailing P/E Ratio: 25.76
Forward P/E Ratio: 29.97
P/E Growth: N/A
Net Income: $793.56 million
Net Margins: 16.39%
Pretax Margin: 19.83%
Return on Equity: 239.82%
Return on Assets: 11.34%

Debt

Debt-to-Equity Ratio: 20.79
Current Ratio: 0.70
Quick Ratio: 0.70

Sales & Book Value

Annual Sales: $4.73 billion
Price / Sales: 4.15
Cash Flow: $11.92 per share
Price / Cash Flow: 20.47
Book Value: $4.50 per share
Price / Book: 54.20

Miscellaneous

Outstanding Shares: 80,539,000
Free Float: 77,559,000
Market Cap: $19.65 billion
Optionable: Optionable
Beta: 1.50

Social Links

Gartner Frequently Asked Questions

Should I buy or sell Gartner stock right now?: 6 Wall Street 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 analysts is that investors should "moderate buy" Gartner stock.
View analyst ratings for Gartner or view top-rated stocks.
What is Gartner's stock price forecast for 2022?: 6 brokers have issued 1-year price objectives for Gartner's shares. Their IT stock forecasts range from $265.00 to $375.00. On average, they anticipate Gartner's share price to reach $309.00 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price.
View analysts' price targets for Gartner or view top-rated stocks among Wall Street analysts.
How has Gartner's stock price performed in 2022?: Gartner's stock was trading at $334.32 at the beginning of 2022. Since then, IT stock has decreased by 27.0% and is now trading at $243.92.
View the best growth stocks for 2022 here.
When is Gartner's next earnings date?: Gartner is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Gartner.
How were Gartner's earnings last quarter?: Gartner, Inc. (NYSE:IT) announced its quarterly earnings results on Tuesday, May, 3rd. The information technology services provider reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.44. The information technology services provider had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Gartner had a trailing twelve-month return on equity of 239.82% and a net margin of 16.39%. The firm's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 EPS.
View Gartner's earnings history.
How will Gartner's stock buyback program work?: Gartner declared that its Board of Directors has approved a stock buyback plan on Tuesday, May 3rd 2022, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 2.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
What guidance has Gartner issued on next quarter's earnings?: Gartner updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $7.80- for the period, compared to the consensus estimate of $7.20. The company issued revenue guidance of $5.28B-, compared to the consensus revenue estimate of $5.28 billion.
Who are Gartner's key executives?: Gartner's management team includes the following people:
Mr. Eugene A. Hall, CEO & Director (Age 65, Pay $3.29M)
Mr. Craig W. Safian, Exec. VP & CFO (Age 53, Pay $1.74M) (LinkedIn Profile)
Mr. Jules P. Kaufman Esq., Exec. VP, Chief Compliance Officer, Gen. Counsel & Corp. Sec. (Age 64, Pay $1.44M) (LinkedIn Profile)
Mr. Alwyn Dawkins, Exec. VP of Global Bus. Sales (Age 56, Pay $1.44M) (LinkedIn Profile)
Ms. Robin B. Kranich, Exec. VP & Chief HR Officer (Age 51, Pay $1.44M) (LinkedIn Profile)
Mr. Peter Genovese, Sr. Director of Sales Strategy & Operations
Mr. Michael P. Fox Diliberto, Exec. VP & Chief Information Officer (Age 56)
Mr. David Cohen, Group VP of Investor Relations
Mr. Kenneth Allard, Exec. VP & Chief Marketing Officer (Age 51) (LinkedIn Profile)
Mr. Joseph Beck, Exec. VP of Global Technology Sales (Age 61) (LinkedIn Profile)

What is Gene Hall's approval rating as Gartner's CEO?: 2,199 employees have rated Gartner CEO Gene Hall on Glassdoor.com. Gene Hall has an approval rating of 83% among Gartner's employees.
Who are some of Gartner's key competitors?: Some companies that are related to Gartner include Accenture (ACN), International Business Machines (IBM), Cognizant Technology Solutions (CTSH), EPAM Systems (EPAM), Leidos (LDOS), Booz Allen Hamilton (BAH), Amdocs (DOX), CACI International (CACI), Teradata (TDC), ManTech International (MANT), Forrester Research (FORR), Unisys (UIS), The Hackett Group (HCKT) and ServiceSource International (SREV).
View all of IT's competitors.
What other stocks do shareholders of Gartner own?: 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).
What is Gartner's stock symbol?: Gartner trades on the New York Stock Exchange (NYSE) under the ticker symbol "IT."
How do I buy shares of Gartner?: Shares of IT 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.
Compare Top Brokerages Here.
What is Gartner's stock price today?: One share of IT stock can currently be purchased for approximately $243.92.
How much money does Gartner make?: Gartner (NYSE:IT) has a market capitalization of $19.65 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 $9.47 on an earnings per share basis.
How many employees does Gartner have?: Gartner employs 16,600 workers across the globe.
Does Gartner have any subsidiaries?: The following companies are subsidiares of Gartner: 1422722 Ontario, Burton Group, CEB, Capterra, Computer Financial Consultants, Dataquest, G.G. Properties, Gartner Advisory (Singapore) PTE LTD, Gartner Australasia PTY Limited, Gartner Austria GmbH, Gartner Belgium BVBA, Gartner Canada Co, Gartner Consulting (Beijing) Co., Gartner Denmark ApS, Gartner Deutschland, Gartner Espana, Gartner Europe Holdings, Gartner Finland Oy, Gartner France S.A.R.L., Gartner Group (Thailand) Ltd, Gartner Group Taiwan Ltd, Gartner Gulf FZ, Gartner Holdings, Gartner Holdings Ireland UC, Gartner Hong Kong, Gartner India Research & Advisory Services Private Ltd, Gartner Investments I, Gartner Israel Advisory Ltd, Gartner Italia, Gartner Japan Ltd, Gartner Mexico S. de R. L. de C.V., Gartner Nederland B.V., Gartner Norge A.S., Gartner RUS LLC, Gartner Saudi Arabia Ltd, Gartner South Africa (Pty) Ltd, Gartner Sverige AB, Gartner Switzerland GmbH, Gartner U.K. Limited, Gartner do Brasil Servicos de Pesquisas LTDA, GetApp, Ideas International Pty Limited, L2, META Group GmbH, META Saudi Arabia, Machina Research Limited, Machina Research USA, Market-Visio, Newco 5CL Limited, Nubera eBusiness S.L., Rapture World Limited, SCM World US, Senexx, SircleIT, and Software Advice.
Read More
When was Gartner founded?: Gartner was founded in 1979.
How can I contact Gartner?: Gartner's mailing address is 56 TOP GALLANT RD P O BOX 10212, STAMFORD CT, 06904. The official website for Gartner is www.gartner.com. The information technology services provider can be reached via phone at (203) 964-0096, via email at [email protected], or via fax at 203-316-6488.

This page (NYSE:IT) was last updated on 7/1/2022 by MarketBeat.com Staff

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Gartner Stock Forecast, Price & News

Gartner Stock Forecast (MarketRank)

Overall MarketRank™

3.3 Analyst's Opinion

3.0 Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

0.0 Dividend Strength

3.6 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

1.9 News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

3.3 Company Ownership

1.9 Earnings and Valuation

Receive IT Stock News and Ratings via Email

About Gartner (NYSE:IT)

IT Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Gartner Frequently Asked Questions

Should I buy or sell Gartner stock right now?

What is Gartner's stock price forecast for 2022?

How has Gartner's stock price performed in 2022?

When is Gartner's next earnings date?

How were Gartner's earnings last quarter?

How will Gartner's stock buyback program work?

What guidance has Gartner issued on next quarter's earnings?

Who are Gartner's key executives?

What is Gene Hall's approval rating as Gartner's CEO?

Who are some of Gartner's key competitors?

What other stocks do shareholders of Gartner own?

What is Gartner's stock symbol?

How do I buy shares of Gartner?

What is Gartner's stock price today?

How much money does Gartner make?

How many employees does Gartner have?

Does Gartner have any subsidiaries?

When was Gartner founded?

How can I contact Gartner?

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