Gartner (IT) Received its Third Buy in a Row


After Goldman Sachs and Robert W. Baird gave Gartner (NYSE: IT) a Buy rating last month, the company received another Buy, this time from Cantor Fitzgerald. Analyst Joseph Foresi maintained a Buy rating on Gartner today and set a price target of $148. The company’s shares closed yesterday at $147.05.

Foresi noted:

“We maintain our Overweight rating on Gartner and PT $148. We recently attended Gartner’s Technology Symposium held in FL. The Digital technology movement continues to push forward driving demand for Gartner and our Digital services companies. It was well attended. GBS’ (CEB) long term growth prospects remain investor’s focus.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.9% and a 76.8% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

Gartner has an analyst consensus of Moderate Buy, with a price target consensus of $150.71.

See today’s analyst top recommended stocks >>

Gartner’s market cap is currently $13.35B and has a P/E ratio of 161.59. The company has a Price to Book ratio of 14.49.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gartner, Inc. is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research; Consulting; Events; and Talent Assessment and Other. The Research segment gives advices on the mission-critical priorities of leaders.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts