Gartner Inc. ($IT) Stock Forecast: Down 0.2% Today

What is Gartner Inc.?

IT is the ticker symbol for Gartner, a leading research and advisory company providing information technology-related insight for businesses. The stock market overall had a mixed day with some sectors experiencing gains while others faced losses.

Why is Gartner Inc. going down?

IT stock is down 0.2% on Dec 10, 2024 15:48

• The bearish movement in IT stock could be attributed to investors reacting to the company's recent earnings report, which may have fallen short of expectations.
• There are concerns among investors about the company's future performance and growth prospects, with questions raised about whether IT can rebound.
• The 2.7% decline in IT stock since the last earnings report indicates that market sentiment towards the company may have soured, leading to the bearish movement witnessed today.

IT Price Chart

IT Technical Analysis

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Gartner ( IT ) Down 2.7% Since Last Earnings Report: Can It Rebound?

Gartner (IT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

https://www.zacks.com/stock/news/2379712/gartner-it-down-27-since-last-earnings-report-can-it-rebound

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Gartner Inc. Price History

10.11.2024 - IT Stock was down 0.2%

• The bearish movement in IT stock could be attributed to investors reacting to the company's recent earnings report, which may have fallen short of expectations.
• There are concerns among investors about the company's future performance and growth prospects, with questions raised about whether IT can rebound.
• The 2.7% decline in IT stock since the last earnings report indicates that market sentiment towards the company may have soured, leading to the bearish movement witnessed today.

04.10.2023 - IT Stock was up 9.9%

• Gartner (IT) surpassed Q3 earnings and revenue estimates, indicating strong financial performance.
• The company's revenue increase was driven by improvement in segmental results.
• Positive market sentiment and investor interest in Gartner's market outperformance and growth potential contributed to the bullish movement.
• Gartner's strong Q3 performance and revenue growth exceeding expectations led to the stock's upward movement.

03.10.2023 - IT Stock was up 5.4%

• Gartner, Inc. reported higher than expected earnings and revenue growth in its Q3 financial results, which contributed to the bullish movement of IT stock.
• The company also raised its fiscal 2023 forecast above market estimates, indicating positive expectations for future performance.
• The improving segmental performance of Gartner is expected to drive year-over-year revenue growth.
• The positive news about Oracle being named a leader in the Gartner Magic Quadrant for Distributed Hybrid Infrastructure may have also had a positive impact on the overall sentiment towards IT stock.

06.01.2024 - IT Stock was down 0.9%

• The bearish movement in IT stock today can be attributed to the following factors:
• 1. Mixed Q4 Earnings: Gartner reported mixed fourth-quarter earnings, with revenue growth of 5% year-on-year, falling slightly short of Wall Street estimates. This may have disappointed investors and led to a sell-off of the stock.
• 2. Decline in Consulting Revenue: Gartner's consulting revenue fell by 7% year-on-year, which could have raised concerns among investors about the company's ability to generate consistent growth in this segment.
• 3. Market Reaction: The market's reaction to Gartner's earnings report might have contributed to the bearish movement in IT stock. Investors may have reacted negatively to the mixed results, leading to a decrease in the stock price.
• 4. Overall Market Sentiment: It's also important to consider the overall market sentiment, as broader market trends and investor sentiment can influence the movement of individual stocks. If the market as a whole experienced a bearish day, it could have contributed to the decline in IT stock.

10.06.2024 - IT Stock was down 2.3%

• Recent profit-taking activity in IT's stock price follows a strong upward trend in the previous month, similar to the share price increase seen in Palantir.
• Collaborations among Fortinet, Versa Networks, and Oracle on AI innovations have diverted investor attention from IT, potentially contributing to the stock's decline.
• Observations suggest a shift in investment focus from IT to cloud computing stocks, viewed as more promising for future growth, aligning with trends in cloud computing technology.
• Despite today's bearish movement, IT remains a stock of interest for potential recovery or future opportunities amidst the rapid evolution of the tech sector.

30.06.2024 - IT Stock was up 5.3%

• Strong Q2 earnings and revenue performance by Gartner (IT) exceeded expectations, suggesting solid growth potential.
• Investor confidence may have been reinforced by the company's share buyback program announcement, potentially influencing the positive stock movement.
• The market's favorable reaction to Gartner's profit growth and earnings surpass indicates optimism about the company's financial strength and strategic decisions.
• Gartner's robust Q2 financial results and strategic efforts likely propelled today's bullish trend in the stock.

30.06.2024 - IT Stock was up 6.7%

• Strong Q2 2024 earnings were reported by Gartner (IT), surpassing both EPS and revenue estimates, demonstrating solid financial performance.
• Exceeding analyst expectations highlights efficient management by the company, potentially reflecting strong market demand for its services.
• Positive market sentiment towards Gartner's sustained double-digit growth outlook could have influenced the stock's bullish movement.
• Recognition in the Gartner Hype Cycle for Strategic Portfolio Management bolsters the company's reputation and might attract more investors, potentially increasing the stock price.

30.06.2024 - IT Stock was up 6.9%

• Gartner Inc. (IT) experienced a strong bullish movement following its second-quarter FY24 earnings report.
• The company reported a 6.1% year-on-year sales growth, surpassing analyst consensus estimates, with revenue reaching $1.595 billion.
• The positive earnings and revenue figures for Q2 2024 contributed to the surge in Gartner's stock price.
• The market reacted favorably to the improved segmental performance and the company's ability to beat EPS and revenue estimates, indicating strong investor confidence in Gartner's financial health and growth prospects.