Gartner, Inc [NYSE: IT] stock went on a downward path that fall over -0.20% on Tuesday, amounting to a one-week price decrease of less than -0.56%.
Over the last 12 months, IT stock rose by 7.40%. The one-year Gartner, Inc stock forecast points to a potential upside of 11.36. The average equity rating for IT stock is currently 2.69, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $37.37 billion, with 77.51 million shares outstanding and 75.05 million shares in the current float. Compared to the average trading volume of 355.77K shares, IT stock reached a trading volume of 239714 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Gartner, Inc [IT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IT shares is $546.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IT stock is a recommendation set at 2.69. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Gartner, Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on August 13, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on April 16, 2024, representing the official price target for Gartner, Inc stock. Previously, the target price had yet another raise from $484 to $550, while UBS kept a Buy rating on IT stock. On October 16, 2023, analysts increased their price target for IT shares from 323 to 358.
The Average True Range (ATR) for Gartner, Inc is set at 9.24, with the Price to Sales ratio for IT stock in the period of the last 12 months amounting to 6.09. The Price to Book ratio for the last quarter was 35.27, with the Price to Cash per share for the same quarter was set at 22.92. Price to Free Cash Flow for IT in the course of the last twelve months was 29.47 with Quick ratio for the last quarter at 0.94.
IT Stock Performance Analysis:
Gartner, Inc [IT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.56. With this latest performance, IT shares dropped by -6.46% in over the last four-week period, additionally plugging by 8.60% over the last 6 months – not to mention a rise of 7.40% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IT stock in for the last two-week period is set at 33.01, with the RSI for the last a single of trading hit 30.35, and the three-weeks RSI is set at 36.34 for Gartner, Inc [IT]. The present Moving Average for the last 50 days of trading for this stock 514.58, while it was recorded at 487.21 for the last single week of trading, and 480.46 for the last 200 days.
Insight into Gartner, Inc Fundamentals:
Gartner, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 0.94.
IT Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gartner, Inc go to 11.23%.
Gartner, Inc [IT] Institutonal Ownership Details
There are presently around $93.23%, or 95.97%% of IT stock, in the hands of institutional investors. The top three institutional holders of IT stocks are: VANGUARD GROUP INC with ownership of 9.09 million shares, which is approximately 11.6014%. BLACKROCK INC., holding 6.43 million shares of the stock with an approximate value of $$2.89 billion in IT stocks shares; and BLACKROCK INC., currently with $$1.88 billion in IT stock with ownership which is approximately 5.3408%.
