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 4 hold ratings and 2 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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6 brokers have issued 12-month target prices 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 $357.86 in the next year. This suggests a possible upside of 4.3% from the stock's current price.
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Gartner's stock was trading at $336.14 on January 1st, 2023. Since then, IT stock has increased by 2.1% and is now trading at $343.26.
View the best growth stocks for 2023 here.

Gartner saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,160,000 shares, an increase of 15.5% from the April 30th total of 1,870,000 shares. Based on an average daily trading volume, of 506,500 shares, the days-to-cover ratio is currently 4.3 days. Currently, 3.0% of the company's shares are short sold.
View Gartner's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) released its quarterly earnings data on Tuesday, May, 2nd. The information technology services provider reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.84. The information technology services provider had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. Gartner had a trailing twelve-month return on equity of 772.55% and a net margin of 16.56%. The company's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 EPS.
Read the conference call transcript.

ETFs with the largest weight of Gartner (NYSE:IT) stock in their portfolio include Invesco Focused Discovery Growth ETF (IVDG), OneAscent Large Cap Core ETF (OALC), Nuveen ESG Mid-Cap Growth ETF (NUMG), Putnam Sustainable Future ETF (PFUT), Franklin Exponential Data ETF (XDAT), Argent Mid Cap ETF (AMID), Motley Fool Next Index ETF (TMFX) and Nuveen Winslow Large-Cap Growth ESG ETF (NWLG).

Gartner announced that its Board of Directors has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Gartner issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $9.50- for the period, compared to the consensus EPS estimate of $9.41. The company issued revenue guidance of $5.90B-, compared to the consensus revenue estimate of $5.80 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.09%), FMR LLC (4.55%), State Street Corp (3.89%), Generation Investment Management LLP (2.58%), Envestnet Asset Management Inc. (2.18%) and Geode Capital Management LLC (2.05%). 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, William James Wartinbee III 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 $343.26.

Gartner (NYSE:IT) has a market capitalization of $27.13 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 $11.59 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.