Gartner (IT) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last twelve months. There are currently 3 hold ratings and 1 buy rating 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.
View IT analyst ratings or view top-rated stocks.

4 brokerages have issued twelve-month target prices for Gartner's shares. Their IT share price targets range from $346.00 to $435.00. On average, they predict the company's share price to reach $380.25 in the next twelve months. This suggests that the stock has a possible downside of 15.7%.
View analysts price targets for IT or view top-rated stocks among Wall Street analysts.

Gartner's stock was trading at $336.14 at the beginning of the year. Since then, IT shares have increased by 34.2% and is now trading at $451.11.
View the best growth stocks for 2023 here.

Gartner saw a drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,400,000 shares, a drop of 25.9% from the November 30th total of 1,890,000 shares. Based on an average trading volume of 521,900 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.9% 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, February 6th 2024.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) announced its earnings results on Friday, November, 3rd. The information technology services provider reported $2.56 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.60. The information technology services provider earned $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. Gartner had a net margin of 15.97% and a trailing twelve-month return on equity of 206.71%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.41 EPS.
Read the conference call transcript.

ETFs with the largest weight of Gartner (NYSE:IT) stock in their portfolio include Invesco Next Gen Media and Gaming ETF (PBS), Invesco Focused Discovery Growth ETF (IVDG), OneAscent Large Cap Core ETF (OALC), BTD Capital Fund (DIP), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Nuveen ESG Mid-Cap Growth ETF (NUMG), Argent Mid Cap ETF (AMID) and Franklin Exponential Data ETF (XDAT).

Gartner announced that its Board of Directors has authorized a stock buyback program on Friday, November 3rd 2023, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Gartner updated its FY23 earnings guidance on Friday, November, 3rd. The company provided earnings per share (EPS) guidance of at least $10.90 for the period, compared to the consensus EPS estimate of $10.29. The company issued revenue guidance of at least $5.89 billion, compared to the consensus revenue estimate of $5.88 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).

Shares of IT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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