In its first quarter, Gartner (IT, Financial) reported revenue of $1.53 billion, aligning perfectly with analyst forecasts. The company experienced a 7% increase in contract value, showcasing robust business performance amid a dynamic market landscape. Gartner's strategic focus on cost management enabled it to surpass initial guidance for its Adjusted EBITDA Margin while simultaneously investing in initiatives for future growth. The company remains committed to enhancing value for its clients and is poised to emerge stronger from the current economic conditions.
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.
