Gartner (IT) Stock Forecast, Price Target & Predictions
IT Stock Forecast
Gartner stock forecast is as follows: an average price target of $434.89 (represents a -10.09% downside from IT’s last price of $483.68) and a rating consensus of 'Hold', based on 8 wall street analysts offering a 1-year stock forecast.
IT Price Target
The average price target for Gartner (IT) is $434.89 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $580.00 to $283.00. This represents a potential -10.09% downside from IT's last price of $483.68.
IT Analyst Ratings
According to 8 Wall Street analysts, Gartner's rating consensus is 'Hold'. The analyst rating breakdown for IT stock is 0 'Strong Buy' (0.00%), 2 'Buy' (25.00%), 5 'Hold' (62.50%), 1 'Sell' (12.50%), and 0 'Strong Sell' (0.00%).
Gartner Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 31, 2024 | Joshua Chan | UBS | $580.00 | $504.03 | 15.07% | 19.91% |
| Jul 31, 2024 | Jeffrey Silber | BMO Capital | $510.00 | $504.03 | 1.18% | 5.44% |
| May 01, 2024 | Jeffrey Meuler | Robert W. Baird | $517.00 | $412.59 | 25.31% | 6.89% |
| Apr 30, 2024 | Toni Kaplan | Morgan Stanley | $440.00 | $416.31 | 5.69% | -9.03% |
| Apr 16, 2024 | Faiza Alwy | Deutsche Bank | $507.00 | $463.59 | 9.36% | 4.82% |
| Apr 11, 2024 | Joshua Chan | UBS | $550.00 | $463.78 | 18.59% | 13.71% |
| Feb 08, 2023 | - | Wells Fargo | $387.00 | $344.96 | 12.19% | -19.99% |
| Jan 13, 2023 | - | Wells Fargo | $370.00 | $334.60 | 10.58% | -23.50% |
| Jan 04, 2023 | - | Morgan Stanley | $342.00 | $336.52 | 1.63% | -29.29% |
| Dec 02, 2022 | - | Barclays | $350.00 | $356.27 | -1.76% | -27.64% |
The latest Gartner stock forecast, released on Jul 31, 2024 by Joshua Chan from UBS, set a price target of $580.00, which represents a 15.07% increase from the stock price at the time of the forecast ($504.03), and a 19.91% increase from IT last price ($483.68).
Gartner Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 6 |
| Avg Price Target | - | $545.00 | $517.33 |
| Last Closing Price | $483.68 | $483.68 | $483.68 |
| Upside/Downside | -100.00% | 12.68% | 6.96% |
In the current month, the average price target of Gartner stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Gartner's last price of $483.68. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 12, 2024 | Wells Fargo | Overweight | Underweight | Initialise |
| Jul 31, 2024 | UBS | Buy | Buy | Hold |
| Jul 31, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jul 11, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Apr 30, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Apr 16, 2024 | Deutsche Bank | - | Hold | Initialise |
| Apr 11, 2024 | UBS | - | Buy | Upgrade |
| Feb 16, 2023 | Barclays | Equal-Weight | Overweight | Upgrade |
| Feb 08, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Jan 13, 2023 | Wells Fargo | Overweight | Overweight | Hold |
Gartner's last stock rating was published by Wells Fargo on Aug 12, 2024. The company Initialise its IT rating from "Overweight" to "Underweight".
Gartner Financial Forecast
Gartner Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.41B | $1.50B | $1.41B | $1.50B | $1.33B | - | $1.26B | $1.31B | $1.16B | $1.17B | $1.10B | $1.11B | $994.62M | $973.13M | $1.02B | $1.20B | $1.00B |
| Avg Forecast | $1.99B | $1.75B | $1.85B | $1.71B | $1.85B | $1.60B | $1.72B | $1.59B | $1.69B | $1.48B | $1.58B | $1.47B | $1.59B | $1.39B | $1.48B | $1.40B | $1.45B | $1.30B | $1.32B | $1.24B | $1.25B | $1.13B | $1.12B | $1.05B | $1.07B | $928.15M | $930.53M | $1.01B | $1.19B | $991.94M |
| High Forecast | $2.00B | $1.76B | $1.87B | $1.73B | $1.87B | $1.61B | $1.74B | $1.60B | $1.71B | $1.50B | $1.60B | $1.49B | $1.60B | $1.40B | $1.49B | $1.41B | $1.46B | $1.31B | $1.32B | $1.25B | $1.26B | $1.14B | $1.13B | $1.06B | $1.08B | $934.67M | $937.07M | $1.02B | $1.20B | $998.91M |
| Low Forecast | $1.97B | $1.74B | $1.84B | $1.70B | $1.84B | $1.59B | $1.71B | $1.58B | $1.68B | $1.47B | $1.57B | $1.46B | $1.58B | $1.38B | $1.47B | $1.39B | $1.44B | $1.29B | $1.32B | $1.23B | $1.24B | $1.12B | $1.11B | $1.04B | $1.06B | $921.70M | $924.07M | $1.01B | $1.19B | $985.05M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.02% | 1.01% | 1.04% | 1.03% | - | 1.02% | 1.05% | 1.02% | 1.04% | 1.05% | 1.04% | 1.07% | 1.05% | 1.00% | 1.01% | 1.01% |
Gartner's average Quarter revenue forecast for Dec 23 based on 3 analysts is $1.59B, with a low forecast of $1.58B, and a high forecast of $1.60B. IT's average Quarter revenue forecast represents a 12.54% increase compared to the company's last Quarter revenue of $1.41B (Sep 23).
Gartner EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $244.42M | $283.11M | $314.30M | $386.00M | $310.93M | - | $297.01M | $262.13M | $282.91M | $458.58M | $297.17M | $240.99M | $98.68M | $143.19M | $177.90M | $129.71M | $150.71M |
| Avg Forecast | $405.29M | $356.96M | $378.23M | $349.25M | $377.59M | $326.24M | $351.63M | $324.01M | $345.02M | $301.16M | $323.49M | $315.40M | $323.65M | $283.26M | $302.29M | $249.33M | $296.35M | $239.53M | $270.49M | $197.10M | $205.65M | $217.76M | $326.81M | $220.79M | $166.55M | $56.48M | $81.67M | $280.19M | $77.51M | $61.68M |
| High Forecast | $408.95M | $360.19M | $381.65M | $352.41M | $381.00M | $329.19M | $354.81M | $326.94M | $348.14M | $305.26M | $326.41M | $378.48M | $326.58M | $285.18M | $305.03M | $299.19M | $299.03M | $287.44M | $270.49M | $236.52M | $246.78M | $261.31M | $392.17M | $264.95M | $199.86M | $67.78M | $98.00M | $336.23M | $93.01M | $74.02M |
| Low Forecast | $402.20M | $354.24M | $375.35M | $346.59M | $374.71M | $323.75M | $348.96M | $321.55M | $342.40M | $299.12M | $321.03M | $252.32M | $321.62M | $280.99M | $299.99M | $199.46M | $294.10M | $191.63M | $270.49M | $157.68M | $164.52M | $174.21M | $261.44M | $176.63M | $133.24M | $45.18M | $65.34M | $224.15M | $62.01M | $49.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 0.94% | 1.26% | 1.30% | 1.30% | - | 1.51% | 1.27% | 1.30% | 1.40% | 1.35% | 1.45% | 1.75% | 1.75% | 0.63% | 1.67% | 2.44% |
3 analysts predict IT's average Quarter EBITDA for Dec 23 to be $323.65M, with a high of $326.58M and a low of $321.62M. This is 32.42% upper than Gartner's previous annual EBITDA (Sep 23) of $244.42M.
Gartner Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $180.01M | $198.04M | $295.80M | $256.80M | $173.54M | - | $172.51M | $209.36M | $148.87M | $271.24M | $164.10M | $119.61M | $16.96M | $55.08M | $75.10M | $67.70M | $41.39M |
| Avg Forecast | $360.69M | $263.44M | $325.29M | $287.32M | $288.11M | $217.23M | $278.28M | $234.21M | $244.67M | $185.95M | $236.76M | $184.57M | $221.37M | $153.11M | $196.21M | $145.90M | $195.96M | $126.04M | $168.55M | $115.34M | $164.25M | $114.58M | $193.29M | $121.92M | $82.66M | $9.71M | $31.41M | $118.28M | $40.45M | $16.94M |
| High Forecast | $364.93M | $266.54M | $329.11M | $290.70M | $291.50M | $219.78M | $281.55M | $236.97M | $247.55M | $205.01M | $239.54M | $221.48M | $234.11M | $167.17M | $198.51M | $175.08M | $198.27M | $151.25M | $168.55M | $138.41M | $197.10M | $137.50M | $231.95M | $146.31M | $99.19M | $11.65M | $37.70M | $141.93M | $48.54M | $20.33M |
| Low Forecast | $357.12M | $260.84M | $322.07M | $284.48M | $285.26M | $215.08M | $275.52M | $231.90M | $242.25M | $169.19M | $234.41M | $147.65M | $208.63M | $132.80M | $194.26M | $116.72M | $194.03M | $100.83M | $168.55M | $92.27M | $131.40M | $91.66M | $154.64M | $97.54M | $66.13M | $7.77M | $25.13M | $94.62M | $32.36M | $13.55M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.01% | 2.03% | 1.31% | 1.38% | - | 1.50% | 1.27% | 1.30% | 1.40% | 1.35% | 1.45% | 1.75% | 1.75% | 0.63% | 1.67% | 2.44% |
Gartner's average Quarter net income forecast for Dec 23 is $221.37M, with a range of $208.63M to $234.11M. IT's average Quarter net income forecast represents a 22.98% increase compared to the company's last Quarter net income of $180.01M (Sep 23).
Gartner SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $660.53M | $680.17M | $657.10M | $645.00M | $613.03M | - | $617.90M | $667.33M | $512.57M | $488.50M | $487.25M | $525.98M | $521.51M | $494.84M | $496.64M | $557.52M | $512.16M |
| Avg Forecast | $935.18M | $823.67M | $872.76M | $805.88M | $871.26M | $752.78M | $811.38M | $747.65M | $796.13M | $694.92M | $746.44M | $661.07M | $746.82M | $653.60M | $697.53M | $522.59M | $683.82M | $433.98M | $624.13M | $413.11M | $523.56M | $394.53M | $348.12M | $362.02M | $363.51M | $298.51M | $282.24M | $868.35M | $365.20M | $231.07M |
| High Forecast | $943.64M | $831.12M | $880.65M | $813.17M | $879.14M | $759.59M | $818.72M | $754.41M | $803.33M | $704.38M | $753.19M | $793.29M | $753.57M | $658.05M | $703.84M | $627.11M | $690.00M | $520.77M | $624.13M | $495.74M | $628.27M | $473.43M | $417.75M | $434.43M | $436.21M | $358.21M | $338.69M | $1.04B | $438.24M | $277.29M |
| Low Forecast | $928.07M | $817.40M | $866.12M | $799.75M | $864.63M | $747.05M | $805.20M | $741.96M | $790.07M | $690.20M | $740.76M | $528.86M | $742.12M | $648.37M | $692.22M | $418.07M | $678.62M | $347.18M | $624.13M | $330.49M | $418.85M | $315.62M | $278.50M | $289.62M | $290.81M | $238.81M | $225.79M | $694.68M | $292.16M | $184.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.98% | 1.26% | 0.94% | 1.41% | - | 1.50% | 1.27% | 1.30% | 1.40% | 1.35% | 1.45% | 1.75% | 1.75% | 0.57% | 1.53% | 2.22% |
Gartner's average Quarter SG&A projection for Dec 23 is $746.82M, based on 3 Wall Street analysts, with a range of $742.12M to $753.57M. The forecast indicates a 13.06% rise compared to IT last annual SG&A of $660.53M (Sep 23).
Gartner EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 3 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 5 | 3 | 4 | 8 | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.28 | $2.50 | $3.72 | $3.24 | $2.19 | - | $2.10 | $2.54 | $1.78 | $3.16 | $1.86 | $1.34 | $0.19 | $0.62 | $0.84 | $0.76 | $0.46 |
| Avg Forecast | $4.61 | $3.37 | $4.16 | $3.67 | $3.68 | $2.77 | $3.55 | $2.99 | $3.13 | $2.38 | $3.02 | $2.59 | $2.83 | $1.96 | $2.51 | $2.06 | $2.50 | $1.87 | $2.13 | $1.75 | $2.42 | $1.55 | $1.73 | $1.05 | $0.82 | $0.53 | $0.81 | $0.32 | $0.82 | $0.43 |
| High Forecast | $4.66 | $3.40 | $4.20 | $3.71 | $3.72 | $2.81 | $3.60 | $3.03 | $3.16 | $2.62 | $3.06 | $2.62 | $2.99 | $2.14 | $2.54 | $2.08 | $2.53 | $1.89 | $2.13 | $1.76 | $2.44 | $1.57 | $1.74 | $1.06 | $0.82 | $0.53 | $0.81 | $0.33 | $0.82 | $0.44 |
| Low Forecast | $4.56 | $3.33 | $4.11 | $3.63 | $3.64 | $2.75 | $3.52 | $2.96 | $3.09 | $2.16 | $2.99 | $2.56 | $2.66 | $1.70 | $2.48 | $2.04 | $2.48 | $1.85 | $2.13 | $1.73 | $2.39 | $1.54 | $1.71 | $1.04 | $0.81 | $0.52 | $0.80 | $0.32 | $0.81 | $0.43 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.00% | 1.81% | 1.29% | 1.17% | - | 1.20% | 1.05% | 1.14% | 1.83% | 1.76% | 1.64% | 0.36% | 0.77% | 2.59% | 0.93% | 1.06% |
According to 3 Wall Street analysts, Gartner's projected average Quarter EPS for Dec 23 is $2.83, with a low estimate of $2.66 and a high estimate of $2.99. This represents a 24.02% increase compared to IT previous annual EPS of $2.28 (Sep 23).
Gartner Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CLVT | Clarivate | $6.67 | $14.33 | 114.84% | Buy |
| WNS | WNS | $56.89 | $87.17 | 53.23% | Buy |
| FIS | Fidelity National Information Services | $81.36 | $104.10 | 27.95% | Buy |
| FISV | Fiserv | $114.23 | $133.11 | 16.53% | Buy |
| JKHY | Jack Henry & Associates | $169.64 | $191.60 | 12.95% | Buy |
| ASGN | ASGN | $89.74 | $100.25 | 11.71% | Hold |
| G | Genpact | $38.33 | $41.67 | 8.71% | Hold |
| PRFT | Perficient | $75.21 | $81.00 | 7.70% | Hold |
| CTSH | Cognizant Technology Solutions | $75.84 | $74.47 | -1.81% | Hold |
| CACI | CACI | $466.73 | $447.50 | -4.12% | Buy |
| SAIC | Science Applications | $133.15 | $123.00 | -7.62% | Buy |
| PSN | Parsons | $91.89 | $82.83 | -9.86% | Buy |
| IT | Gartner | $483.68 | $434.89 | -10.09% | Hold |
| LDOS | Leidos | $152.85 | $136.22 | -10.88% | Buy |
| BR | Broadridge Financial Solutions | $207.59 | $176.00 | -15.22% | Buy |
| EXLS | ExlService | $35.49 | $23.10 | -34.91% | Buy |
IT Forecast FAQ
Is Gartner a good buy?
No, according to 8 Wall Street analysts, Gartner (IT) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 25.00% of IT's total ratings.
What is IT's price target?
Gartner (IT) average price target is $434.89 with a range of $283 to $580, implying a -10.09% from its last price of $483.68. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Gartner stock go up soon?
According to Wall Street analysts' prediction for IT stock, the company can go down by -10.09% (from the last price of $483.68 to the average price target of $434.89), up by 19.91% based on the highest stock price target, and down by -41.49% based on the lowest stock price target.
Can Gartner stock reach $700?
IT's average twelve months analyst stock price target of $434.89 does not support the claim that Gartner can reach $700 in the near future.
What are Gartner's analysts' financial forecasts?
Gartner's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $6.76B (high $6.82B, low $6.71B), average EBITDA is $1.38B (high $1.39B, low $1.37B), average net income is $1.02B (high $1.03B, low $1.01B), average SG&A $3.18B (high $3.21B, low $3.16B), and average EPS is $13 (high $13.15, low $12.87). IT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.3B (high $7.36B, low $7.24B), average EBITDA is $1.49B (high $1.5B, low $1.48B), average net income is $1.24B (high $1.25B, low $1.22B), average SG&A $3.44B (high $3.47B, low $3.41B), and average EPS is $15.8 (high $15.98, low $15.64).
Did the IT's actual financial results beat the analysts' financial forecasts?
Based on Gartner's last annual report (Dec 2022), the company's revenue was $5.48B, beating the average analysts forecast of $5.31B by 3.15%. Apple's EBITDA was $1.35B, beating the average prediction of $1B by 34.49%. The company's net income was $807.78M, beating the average estimation of $605.89M by 33.32%. Apple's SG&A was $2.48B, beating the average forecast of $2.16B by 15.12%. Lastly, the company's EPS was $10.08, beating the average prediction of $8.26 by 22.09%. In terms of the last quarterly report (Sep 2023), Gartner's revenue was $1.41B, beating the average analysts' forecast of $1.39B by 1.53%. The company's EBITDA was $244.42M, missing the average prediction of $283.26M by -13.71%. Gartner's net income was $180.01M, beating the average estimation of $153.11M by 17.57%. The company's SG&A was $660.53M, beating the average forecast of $653.6M by 1.06%. Lastly, the company's EPS was $2.28, beating the average prediction of $1.96 by 16.58%