Important positive changes in fundamentals have recently occurred for Gartner Inc (NYSE: IT): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Gartner Inc (NYSE: IT) has recently enjoyed significant positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
IT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Gartner has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Gartner has a neutral Appreciation Score of 52 but a very high Power Rating of 92, and the Positive Value Trend Rating results.
Recent Price Action
Gartner Inc (NYSE: IT) stock enjoyed a large increase of 2.6% on 11/10/23. The stock closed at $411.63. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 21.9% during the last week.
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