Wells Fargo analyst Seth Weber maintained a Buy rating on Gartner (IT – Research Report) on January 18 and set a price target of $515.00. The company’s shares opened today at $468.76.
Weber covers the Industrials sector, focusing on stocks such as Cintas, TransUnion, and Verisk Analytics. According to TipRanks, Weber has an average return of 23.8% and a 68.73% success rate on recommended stocks.
Gartner has an analyst consensus of Moderate Buy, with a price target consensus of $455.44, implying a -2.84% downside from current levels. In a report released on January 17, Bank of America Securities also reiterated a Buy rating on the stock with a $530.00 price target.
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Based on Gartner’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.5 billion and a net profit of $198.04 million. In comparison, last year the company earned a revenue of $1.38 billion and had a net profit of $204.93 million
Based on the recent corporate insider activity of 156 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IT in relation to earlier this year.
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 (IT) Company Description:
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 and Conferences. The Research segment gives advices on the mission-critical priorities of leaders. The Consulting segment offers customized solutions to unique client needs through on-site, day-to-day support, and proprietary tools for measuring and improving IT performance. The Conferences segment involves in the business professionals across the organization. The company was founded by Gideon I. Gartner and Dave L. R. Stein in 1979 and is headquartered in Stamford, CT.
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