IT | 23 May 2024 | AI Stock Analysis & News

Gartner, Inc. beats earnings expectations and sees growth in SaaS ARR, potentially impacting stock price positively.

Stock AI predicts a short-term increase of 12.0% and a long-term increase of 1.6% for Gartner, Inc. stock. 🟢🔴

Stock AI’s (IT) Forecast get (+5.9% Profit)

StockAI’s analysis delivers real-world results. On 12 March 2024, $IT ($471.4), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $443.4 (🔴-5.9%). Selling IT on this signal yielded a +5.9% profit 💰💰.

IT-Gartner, Inc. News

🟢 Gartner, Inc. beats earnings expectations with reported EPS of $2.67
🔴 Principal Securities Inc. purchased a new stake in Gartner, Inc.
🔴 Atria Wealth Solutions Inc. raised its holdings in Gartner, Inc.
🔴 Panagora Asset Management Inc. decreased its holdings in Gartner, Inc.
🟢 QRG Capital Management Inc. increased its holdings in Gartner, Inc.
🔴 BMO cuts Gartner stock price target to $432 following margin-driven beat

Gartner, Inc. has recently seen a mix of positive and negative news affecting its stock price. The company reported earnings that beat expectations, leading to a positive impact on the stock. However, some institutions decreased their holdings in the company, which may have contributed to a negative outlook for the stock. Additionally, a price target cut by BMO following a margin-driven beat could have further dampened investor sentiment.

Overall, the positive earnings report may have initially boosted confidence in Gartner, Inc., but the subsequent decrease in holdings and price target adjustment could have led to some uncertainty among investors. The stock may experience some volatility in the short-term as market participants digest the mixed news and adjust their positions accordingly.

IT-Gartner, Inc. Analyst Ratings

📉 UBS Group lowered their price target on shares of Gartner, Inc. (NYSE:IT) from $550.00 to $510.00 in a recent report.

📈 upgraded Gartner (NYSE:IT) from a hold rating to a buy rating in a recent research report.

📉 Robert W. Baird lowered Gartner’s target price from $536.00 to $517.00 in a research report.

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Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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