Gartner (IT, Financial) has reported its first-quarter revenue of $1.53 billion, aligning with market predictions. The company experienced a 7% increase in contract value, which contributed to surpassing their initial financial expectations. Despite the volatile market conditions, Gartner managed its expenses effectively to deliver Adjusted EBITDA Margin above the original forecast while maintaining investments geared towards future growth. The firm continues to enhance its value offerings to clients, positioning itself to emerge more robustly from the current economic landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Gartner Inc (IT, Financial) is $494.72 with a high estimate of $622.00 and a low estimate of $400.00. The average target implies an upside of 15.86% from the current price of $426.98. More detailed estimate data can be found on the Gartner Inc (IT) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Gartner Inc's (IT, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Gartner Inc (IT, Financial) in one year is $460.33, suggesting a upside of 7.81% from the current price of $426.98. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Gartner Inc (IT) Summary page.
