Alert: Positive Investment/Fundamental Signals (12/7/23)-Gartner Inc (NYSE: IT)

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Gartner Inc (NYSE: IT) has recently enjoyed significant positive changes in investment behavior: positive upside/downside volume developed.

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.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, IT is expected to continue to be a major Value Builder.

Gartner has a current Value Trend Rating of A (Highest Rating). 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 53 but a very high Power Rating of 95, leading to the Highest Value Trend Rating.

Recent Price Action

On 12/7/23, Gartner Inc (NYSE: IT) stock rose modestly by 0.9%, closing at $446.00. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.7% during the last week.

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