Gartner, Inc.’s Stock Price Plummets to $412.59, Experiencing a Sharp 8.04% Dip: A Deep Dive into the Tech Giant’s Performance

Gartner, Inc. (IT)

412.59 USD -36.06 (-8.04%) Volume: 1.34M

Explore Gartner, Inc.’s stock price performance at 412.59 USD, experiencing a significant drop of 8.04% this trading session with a trading volume of 1.34M. Despite the downward trend, this leading IT firm’s stock holds potential for investors, with a year-to-date percentage change of -8.54%, underlining its dynamic market presence.

Latest developments on Gartner, Inc.

Today’s Gartner Inc stock price movements are influenced by key events such as the company’s Q1 2024 earnings report, which showed mixed results due to rising revenues and falling net income. Gartner’s continuous recognition in the Magic Quadrant and the steady demand for IT services has led the company to raise its annual profit forecast. Notably, the firm’s contribution to supply chain planning solutions has been acknowledged by several leaders in the industry. However, a soft outlook has caused a slight dip in Gartner shares, reflecting the rising costs and global instability affecting the supply-chain.

Gartner, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on Gartner Inc, a company specializing in research and advisory services. In their report titled “Gartner Inc: Is The Enterprise New Business Growth Catalyzing Growth? – Major Drivers,” they highlighted the company’s positive results in the fourth quarter of 2023. Gartner demonstrated high single-digit growth in contract value, surpassing expectations in revenue, EBITDA, adjusted EPS, and free cash flow despite facing disruptions due to macroeconomic conditions.

In another report by Baptista Research on Smartkarma, titled “Gartner Inc: Expansion Of Sales Capabilities To Capitalize On The Huge Market Opportunity! – Major Drivers,” analysts emphasized Gartner Inc‘s robust performance in Q3. The company achieved high single-digit growth in contract value, with revenue, EBITDA, and adjusted EPS exceeding expectations. Research revenue grew by 5%, subscription revenue saw an 8% organic growth, and the Consulting segment of Gartner Research experienced a notable 23% growth in revenue, particularly excelling in contract optimization.

A look at Gartner, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Gartner Inc has a mixed long-term outlook. While the company scores high in factors like Growth and Momentum, with a score of 5 and 4 respectively, it falls short in areas like Value and Dividend, with scores of 2 and 1. This indicates that Gartner Inc may have strong potential for growth and positive market momentum, but may not be considered a high value or dividend-paying stock.

Gartner, Inc. provides research and analysis on the computer hardware, software, communications, and related information technology industries. The Company’s business segments include research, consulting, measurement, events, and executive programs. With a strong emphasis on growth and momentum, Gartner Inc looks to be positioning itself as a leader in the IT industry, focusing on providing valuable insights and services to its clients.

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