Gartner - IT Stock Forecast, Price & News

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 "buy" IT shares.
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6 brokers have issued 1 year price objectives for Gartner's stock. Their IT share price forecasts range from $265.00 to $365.00. On average, they anticipate the company's share price to reach $321.67 in the next twelve months. This suggests a possible upside of 8.4% 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 11.2% and is now trading at $296.75.
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Gartner saw a decrease in short interest during the month of August. As of August 15th, there was short interest totaling 1,150,000 shares, a decrease of 12.9% from the July 31st total of 1,320,000 shares. Based on an average daily trading volume, of 463,600 shares, the short-interest ratio is currently 2.5 days. Approximately 1.6% of the shares of the stock are sold short.
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) issued its quarterly 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 analysts' expectations 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 revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the company posted $2.24 earnings per share.
Read the conference call transcript.

Gartner announced that its board has initiated a stock repurchase program on Tuesday, May 3rd 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 2.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are 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 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 a variety of retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends.

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 $296.75.

Gartner (NYSE:IT) has a market capitalization of $23.47 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 was founded in 1979.

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.