Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Gartner Inc (NYSE: IT) weakened in the last week. IT’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Gartner Inc (NYSE: IT) stock rose modestly by 0.3% on 4/8/24. The stock closed at $471.87. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.0% during the last week.
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 C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gartner has a poor Appreciation Score of 29 but a very high Power Rating of 88, and the High Neutral Value Trend Rating results.
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