Gartner (IT) Stock Forecast, Price Target & Predictions
IT Stock Forecast
Gartner stock forecast is as follows: an average price target of $450.00 (represents a -13.13% downside from IT’s last price of $518.00) 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 $450.00 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 -13.13% downside from IT's last price of $518.00.
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 |
|---|---|---|---|---|---|---|
| Oct 10, 2024 | Toni Kaplan | Morgan Stanley | $528.00 | $520.68 | 1.41% | 1.93% |
| Sep 20, 2024 | Jeffrey Meuler | Robert W. Baird | $565.00 | $513.42 | 10.05% | 9.07% |
| Jul 31, 2024 | Joshua Chan | UBS | $580.00 | $504.03 | 15.07% | 11.97% |
| Jul 31, 2024 | Jeffrey Silber | BMO Capital | $510.00 | $504.03 | 1.18% | -1.54% |
| May 01, 2024 | Jeffrey Meuler | Robert W. Baird | $517.00 | $412.59 | 25.31% | -0.19% |
| Apr 30, 2024 | Toni Kaplan | Morgan Stanley | $440.00 | $416.31 | 5.69% | -15.06% |
| Apr 16, 2024 | Faiza Alwy | Deutsche Bank | $507.00 | $463.59 | 9.36% | -2.12% |
| Apr 11, 2024 | Joshua Chan | UBS | $550.00 | $463.78 | 18.59% | 6.18% |
| Feb 08, 2023 | - | Wells Fargo | $387.00 | $344.96 | 12.19% | -25.29% |
| Jan 13, 2023 | - | Wells Fargo | $370.00 | $334.60 | 10.58% | -28.57% |
The latest Gartner stock forecast, released on Oct 10, 2024 by Toni Kaplan from Morgan Stanley, set a price target of $528.00, which represents a 1.41% increase from the stock price at the time of the forecast ($520.68), and a 1.93% increase from IT last price ($518.00).
Gartner Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 8 |
| Avg Price Target | - | $546.50 | $524.63 |
| Last Closing Price | $518.00 | $518.00 | $518.00 |
| Upside/Downside | -100.00% | 5.50% | 1.28% |
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 $518.00. 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 |
|---|---|---|---|---|
| Oct 14, 2024 | Wells Fargo | Underweight | Underweight | Hold |
| Oct 10, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| 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 |
Gartner's last stock rating was published by Wells Fargo on Oct 14, 2024. The company gave IT a "Underweight" rating, the same as its previous rate.
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 | Jun 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 | $1.38B | $1.26B | $1.31B | $1.16B | $1.17B | $1.10B | $1.11B | $994.62M | $973.13M | $1.02B | $1.20B | $1.00B |
| Avg Forecast | $2.00B | $1.75B | $1.86B | $1.71B | $1.83B | $1.60B | $1.71B | $1.57B | $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 | $2.02B | $1.76B | $1.87B | $1.72B | $1.84B | $1.61B | $1.72B | $1.58B | $1.70B | $1.48B | $1.58B | $1.47B | $1.60B | $1.40B | $1.49B | $1.40B | $1.46B | $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 |
| Low Forecast | $1.99B | $1.74B | $1.84B | $1.70B | $1.82B | $1.59B | $1.70B | $1.56B | $1.68B | $1.48B | $1.58B | $1.47B | $1.58B | $1.38B | $1.47B | $1.39B | $1.44B | $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 |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.02% | 1.01% | 1.04% | 1.03% | 1.04% | 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $244.42M | $283.11M | $314.30M | $386.00M | $310.93M | $355.60M | $297.01M | $262.13M | $282.91M | $458.58M | $297.17M | $240.99M | $98.68M | $143.19M | $177.90M | $129.71M | $150.71M |
| Avg Forecast | $437.60M | $382.83M | $405.25M | $374.35M | $400.04M | $349.97M | $372.80M | $343.62M | $369.42M | $322.27M | $346.18M | $315.40M | $346.35M | $303.12M | $323.50M | $249.33M | $226.22M | $264.44M | $270.49M | $197.10M | $254.92M | $230.50M | $228.09M | $220.79M | $218.80M | $189.48M | $189.96M | $280.19M | $243.85M | $202.50M |
| High Forecast | $440.51M | $385.37M | $407.95M | $376.84M | $402.70M | $352.30M | $375.28M | $345.79M | $371.87M | $322.30M | $346.18M | $378.48M | $348.66M | $305.19M | $325.65M | $299.19M | $271.46M | $264.44M | $270.49M | $236.52M | $254.92M | $230.50M | $228.09M | $264.95M | $218.80M | $189.48M | $189.96M | $336.23M | $243.85M | $202.50M |
| Low Forecast | $434.74M | $380.32M | $402.60M | $371.90M | $397.42M | $347.68M | $370.36M | $341.44M | $367.23M | $322.24M | $346.18M | $252.32M | $344.18M | $300.70M | $321.38M | $199.46M | $180.97M | $264.44M | $270.49M | $157.68M | $254.92M | $230.50M | $228.09M | $176.63M | $218.80M | $189.48M | $189.96M | $224.15M | $243.85M | $202.50M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 0.88% | 1.26% | 1.71% | 1.18% | 1.31% | 1.51% | 1.03% | 1.23% | 2.01% | 1.35% | 1.10% | 0.52% | 0.75% | 0.63% | 0.53% | 0.74% |
3 analysts predict IT's average Quarter EBITDA for Dec 23 to be $346.35M, with a high of $348.66M and a low of $344.18M. This is 41.71% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $180.01M | $198.04M | $295.80M | $256.80M | $173.54M | $204.90M | $172.51M | $209.36M | $148.87M | $271.24M | $164.10M | $119.61M | $16.96M | $55.08M | $75.10M | $67.70M | $41.39M |
| Avg Forecast | $341.24M | $270.34M | $311.23M | $274.92M | $289.80M | $226.99M | $275.43M | $234.50M | $254.04M | $184.56M | $235.79M | $184.57M | $220.47M | $152.48M | $195.40M | $145.90M | $180.68M | $146.50M | $167.11M | $115.34M | $189.18M | $121.74M | $135.34M | $121.92M | $63.92M | $41.15M | $63.15M | $118.28M | $63.86M | $33.84M |
| High Forecast | $344.19M | $272.68M | $313.92M | $277.29M | $292.30M | $228.95M | $277.81M | $246.72M | $259.54M | $184.79M | $235.80M | $221.48M | $233.15M | $166.48M | $197.09M | $175.08M | $216.81M | $146.50M | $167.11M | $138.41M | $189.18M | $121.74M | $135.34M | $146.31M | $63.92M | $41.15M | $63.15M | $141.93M | $63.86M | $33.84M |
| Low Forecast | $338.34M | $268.05M | $308.59M | $272.58M | $287.33M | $225.06M | $273.09M | $223.81M | $250.10M | $184.33M | $235.78M | $147.65M | $207.78M | $132.25M | $193.74M | $116.72M | $144.54M | $146.50M | $167.11M | $92.27M | $189.18M | $121.74M | $135.34M | $97.54M | $63.92M | $41.15M | $63.15M | $94.62M | $63.86M | $33.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.01% | 2.03% | 1.42% | 1.18% | 1.23% | 1.50% | 1.11% | 1.22% | 2.00% | 1.35% | 1.87% | 0.41% | 0.87% | 0.63% | 1.06% | 1.22% |
Gartner's average Quarter net income forecast for Dec 23 is $220.47M, with a range of $207.78M to $233.15M. IT's average Quarter net income forecast represents a 22.48% 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $660.53M | $680.17M | $657.10M | $645.00M | $613.03M | $604.90M | $617.90M | $667.33M | $512.57M | $488.50M | $487.25M | $525.98M | $521.51M | $494.84M | $496.64M | $557.52M | $512.16M |
| Avg Forecast | $943.56M | $825.46M | $873.82M | $807.18M | $862.57M | $754.62M | $803.85M | $740.91M | $796.55M | $694.89M | $746.44M | $661.07M | $746.82M | $653.60M | $697.53M | $522.59M | $575.91M | $610.18M | $624.13M | $413.11M | $588.21M | $531.86M | $526.31M | $362.02M | $504.87M | $437.21M | $438.34M | $868.35M | $562.67M | $467.27M |
| High Forecast | $949.83M | $830.95M | $879.63M | $812.55M | $868.30M | $759.63M | $809.19M | $745.60M | $801.84M | $694.95M | $746.44M | $793.29M | $751.78M | $658.05M | $702.17M | $627.11M | $691.10M | $610.18M | $624.13M | $495.74M | $588.21M | $531.86M | $526.31M | $434.43M | $504.87M | $437.21M | $438.34M | $1.04B | $562.67M | $467.27M |
| Low Forecast | $937.39M | $820.07M | $868.11M | $801.91M | $856.93M | $749.68M | $798.59M | $736.23M | $791.83M | $694.83M | $746.44M | $528.86M | $742.12M | $648.37M | $692.97M | $418.07M | $460.73M | $610.18M | $624.13M | $330.49M | $588.21M | $531.86M | $526.31M | $289.62M | $504.87M | $437.21M | $438.34M | $694.68M | $562.67M | $467.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.98% | 1.26% | 1.12% | 1.00% | 0.97% | 1.50% | 1.13% | 0.96% | 0.93% | 1.35% | 1.04% | 1.19% | 1.13% | 0.57% | 0.99% | 1.10% |
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 $751.78M. 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 1 | 1 | 3 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.28 | $2.50 | $3.72 | $3.24 | $2.19 | $2.55 | $2.10 | $2.54 | $1.78 | $3.16 | $1.86 | $1.34 | $0.19 | $0.62 | $0.84 | $0.76 | $0.46 |
| Avg Forecast | $4.38 | $3.47 | $3.99 | $3.53 | $3.72 | $2.91 | $3.53 | $3.01 | $3.26 | $2.37 | $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 | $4.41 | $3.50 | $4.03 | $3.56 | $3.75 | $2.94 | $3.56 | $3.16 | $3.33 | $2.37 | $3.02 | $2.62 | $2.99 | $2.14 | $2.53 | $2.07 | $2.52 | $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 |
| Low Forecast | $4.34 | $3.44 | $3.96 | $3.50 | $3.69 | $2.89 | $3.50 | $2.87 | $3.21 | $2.36 | $3.02 | $2.56 | $2.66 | $1.70 | $2.48 | $2.04 | $2.48 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.00% | 1.81% | 1.29% | 1.17% | 1.19% | 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 | $5.09 | $14.33 | 181.53% | Buy |
| WNS | WNS | $50.86 | $72.86 | 43.26% | Buy |
| FIS | Fidelity National Information Services | $85.90 | $101.73 | 18.43% | Buy |
| FISV | Fiserv | $114.23 | $133.11 | 16.53% | Buy |
| ASGN | ASGN | $85.08 | $99.00 | 16.36% | Hold |
| JKHY | Jack Henry & Associates | $171.12 | $191.80 | 12.09% | Buy |
| PSN | Parsons | $95.30 | $103.83 | 8.95% | Buy |
| CACI | CACI | $454.90 | $492.78 | 8.33% | Buy |
| PRFT | Perficient | $75.96 | $81.00 | 6.64% | Hold |
| SAIC | Science Applications | $123.05 | $124.30 | 1.02% | Buy |
| CTSH | Cognizant Technology Solutions | $77.57 | $75.88 | -2.18% | Hold |
| LDOS | Leidos | $162.15 | $156.64 | -3.40% | Buy |
| G | Genpact | $44.64 | $42.80 | -4.12% | Hold |
| IT | Gartner | $518.00 | $450.00 | -13.13% | Hold |
| BR | Broadridge Financial Solutions | $225.39 | $184.33 | -18.22% | Buy |
| EXLS | ExlService | $44.38 | $32.64 | -26.45% | Buy |