Gartner, Inc. Stock Report: September 22, 2024

Company Overview

Gartner, Inc. is a premier research and advisory firm headquartered in Stamford, Connecticut, specializing in the Information Technology Services sector within the broader Technology arena. Established in 1979, Gartner provides a diverse range of offerings, including in-depth research, educational conferences, and tailored consulting services focused primarily on IT priorities. Operating on a subscription basis, Gartner grants its clients access to proprietary research, essential benchmarks, and expert networks. Furthermore, its conferences facilitate networking and learning opportunities for executives, while its consulting arm focuses on delivering customized strategies for IT cost optimization and digital transformation.

Market Performance and Investment Outlook

The Information Technology Services industry currently presents a stable investment outlook, with analysts recommending a “hold” strategy for Gartner. Despite a lack of immediate growth opportunities, the company’s fundamentals are strong, boasting a total revenue of approximately $6.06 billion. The current stock price stands at $513.59, with a bullish target high of $580.00, presenting a potential upside for investors. However, the target mean price rests at $506.32, reflecting a more conservative assessment slightly below the current trading value. With 1.83% of the total shares short-sold, representing approximately 1,200,296 shares, the overall sentiment appears cautiously optimistic as the majority of shares remain in the hands of long-term investors.

Stock Performance Metrics

Gartner’s current valuation is supported by significant fluctuations within the past year, trading close to its fifty-two week high of $517.48. The fifty-day moving average of $482.32 indicates that the stock is performing well above this average, showcasing bullish momentum in the market. Moreover, the fifty-two week low of $323.61 underscores notable volatility, providing investors with both risk and opportunity. With a recommendation mean of 2.7 based on ten analyst opinions, the consensus reflects a cautious sentiment, suggesting that while the stock remains a solid hold, investors should stay attuned to market developments for potential future moves.

In summary, Gartner, Inc. represents a robust investment opportunity amidst the evolving trends in the technology sector, meriting continued observation from current and prospective investors.

Metric	Value
Market Cap	$39.6b
Total Debt	$3.0b
Total Cash	$1.2b
Shares Outstanding	77.1m
Float Shares	74.7m