Robert W. Baird Sticks to Their Buy Rating for Gartner (IT)


In a report released yesterday, Jeffrey Meuler from Robert W. Baird reiterated a Buy rating on Gartner (IT), with a price target of $156. The company’s shares opened today at $139.

According to TipRanks.com, Meuler is a 4-star analyst with an average return of 7.9% and a 61.5% success rate. Meuler covers the Services sector, focusing on stocks such as Grand Canyon Education, TransUnion, and Equifax.

Gartner has an analyst consensus of Moderate Buy, with a price target consensus of $144.67, implying a 4.1% upside from current levels. In a report released yesterday, Cantor Fitzgerald also maintained a Buy rating on the stock with a $165 price target.

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Based on Gartner’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $84.02 million. In comparison, last year the company had a net profit of $107 million.

Based on the recent corporate insider activity of 116 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.

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