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With a market cap of $17.9 billion, Gartner, Inc. (IT) is a leading global research and advisory company that provides insights, advice, and tools for business leaders across IT, marketing, supply chain, finance, and human resources. Headquartered in Stamford, Connecticut, Gartner helps organizations make informed decisions by offering market research, consulting services, benchmarking, and executive programs.
The IT behemoth is poised to announce its fiscal Q3 earnings results soon. Ahead of this event, analysts expect the company to report a profit of $2.41 per share, down 3.6% from $2.50 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters, which is impressive.
For fiscal 2025, analysts expect IT to report an EPS of $12.19, down 13.5% year over year from $14.09 in fiscal 2024. However, in FY2026, the company’s EPS is expected to increase 8.5% annually to $13.23.
IT stock has declined 54.9% over the past 52 weeks, underperforming the Technology Select Sector SPDR Fund’s (XLK) 24.8% surge and the S&P 500 Index’s ($SPX) 14.8% uptick during the same time frame.
Shares of Gartner dropped 4.4% on Oct. 7 following a “Hold” rating from UBS analyst Joshua Chan, who set a price target of $280, reflecting cautious sentiment on the stock despite its strong market position.
Wall Street analysts are fairly bullish about IT’s stock, with a "Moderate Buy" rating overall. Among 14 analysts covering the stock, five recommend "Strong Buy," eight suggest a “Hold,” and one suggests a “Strong Sell.” IT’s average analyst price target of $300.09 indicates a potential upside of 25.3% from the current levels.
