IT stock forecast, quote, news & analysis
Gartner provides independent research and analysis on information technology for chief information officers and other business executives who help plan companies' IT budgets... Show more
Gartner (IT) Stock Analysis: Q3 Earnings Beat and AI Demand Fuel Contract Value Momentum
Key Takeaways
- Gartner shares are up roughly 5% over the past 30 days, though the stock pulled back sharply in the session following its third-quarter 2026 report after trading near recent highs.
- Third-quarter adjusted EPS of $3.59 rose 30% year over year and came in roughly 26% above consensus estimates.
- Contract value growth accelerated for a third consecutive quarter, signaling improving momentum in the company's core subscription business.
- Management raised full-year 2026 guidance across revenue, adjusted EBITDA, adjusted EPS, and free cash flow.
- Artificial intelligence remains the most-requested topic across Gartner's client base, supporting demand for its research and advisory services.
- Gartner repurchased $1.7 billion of stock over the trailing four quarters, reducing its diluted share count by about 15% year over year.
- For additional detail, explore Gartner's Price Targets, Earnings, and Forecast pages.
- Discover top-performing automated strategies on the Trending AI Robots page.
Current Market Snapshot
Gartner shares ended October near the upper end of a multi-week advance, having climbed from roughly $185 in early October to close near $235 in early November. Over the trailing 30 days, the shares are up about 5%, reflecting both the October rally and a pronounced pullback in the session that followed the company's third-quarter earnings release. That decline brought the stock back toward the average sell-side price target, which stood near $194, after shares had traded at a premium to analyst expectations. Investor sentiment around Gartner continues to be shaped by its subscription-based business model, strong free cash flow generation, and exposure to enterprise technology spending, particularly around artificial intelligence.
Gartner (IT) Business Overview and Competitive Position
Gartner, Inc. (NYSE: IT), headquartered in Stamford, Connecticut, is a global research and advisory company serving technology and business leaders. The company operates primarily through three segments: Research, now branded as Insights, which delivers subscription-based research, benchmarks, and advisory access to executives and their teams; Conferences, which hosts events such as the flagship IT Symposium/Xpo; and Consulting, which provides project-based support to help clients act on Gartner's analysis. Gartner is best known for its Magic Quadrant reports and its proprietary, independently produced research, which position it as a trusted reference in enterprise technology decision-making. The business benefits from high contract value retention rates, a large installed base of enterprise clients, and a capital-light model that generates substantial free cash flow. Investors follow the stock closely as a bellwether for enterprise technology spending and for the demand environment in areas such as artificial intelligence, cloud, and digital transformation.
Recent Developments Driving IT
Gartner reported third-quarter 2026 results that exceeded expectations. Reported revenue was $1.505 billion, down 1.2% year over year on a GAAP basis, while adjusted revenue rose 2.4% as reported, or 2.6% on a foreign-exchange-neutral basis. Adjusted EPS of $3.59 increased 30% year over year and beat consensus estimates by roughly 26%, while adjusted EBITDA of $364 million rose 8%. Crucially, contract value — the leading indicator of future revenue — grew 2.5% year over year to $5.3 billion, marking a third consecutive quarter of acceleration. Management cited improving wallet retention and a return to positive net contract value increase with U.S. federal clients. The company also raised its full-year 2026 outlook, now projecting adjusted revenue of at least $6.405 billion, adjusted EBITDA of at least $1.615 billion, adjusted EPS of at least $14.65, and free cash flow of at least $1.235 billion. Capital returns remained a focus, with $138 million repurchased in the quarter and $1.7 billion over the trailing four quarters. Sell-side sentiment remained cautious overall, with a consensus Hold rating and an average target price near $194.
Trending AI Robots
Tickeron's Trending AI Robots page showcases a curated selection of the platform's highest-performing automated trading bots. Tickeron operates hundreds of AI-driven trading bots that monitor thousands of tickers, but only the most relevant and top-performing strategies are surfaced in this section. The bots vary widely in trading style, holding timeframe, and performance metrics, giving users a way to compare automated approaches across different market conditions. The page is designed to help traders and investors identify data-driven strategies rather than relying on intuition alone. For those interested in exploring how AI-powered systems approach stocks like Gartner, the Trending AI Robots section offers a practical starting point to review available strategies and their track records.
2026 Outlook and What Investors Should Watch
Looking ahead, investors are likely to monitor whether contract value growth continues to accelerate and translate into higher reported revenue. Gartner's exposure to artificial intelligence demand is a central theme, as AI remains the most-requested topic across its client base and the company guides tens of thousands of executives on AI adoption and strategy. Key areas to watch include retention metrics and new business generation across its Global Technology Sales and Global Business Sales units, the performance of its conferences business, and the trajectory of its BTI transformation, which aims to increase the impact and timeliness of its insights. Macroeconomic conditions and enterprise budget cycles, including government spending patterns, also remain important variables. Finally, the pace of share repurchases and the company's conservative leverage position give management flexibility to return capital or pursue tuck-in acquisitions. Gartner's guidance implies continued margin stability and strong free cash flow conversion, but revenue growth remains modest and subject to the broader enterprise technology spending environment.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations
IT's Stochastic Oscillator descending into oversold zone
The Stochastic Oscillator for IT moved into oversold territory on November 06, 2026. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +4.53% 3-day Advance, the price is estimated to grow further. Considering data from situations where IT advanced for three days, in 214 of 340 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
IT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 115 of 204 cases where IT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 56%.
Bearish Trend Analysis
The 10-day RSI Indicator for IT moved out of overbought territory on November 03, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In 18 of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at 58%.
The Momentum Indicator moved below the 0 level on November 03, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on IT as a result. In 48 of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 62%.
The Moving Average Convergence Divergence Histogram (MACD) for IT turned negative on November 03, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In 28 of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at 74%.
IT moved below its 50-day moving average on November 06, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 59%.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 5 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: IT's P/B Ratio (-71.736) is very low in comparison to the industry average of (2.898). P/E Ratio (17.065) is within average values for comparable stocks, (18.492). Projected Growth (PEG Ratio) (0.737) is also within normal values, averaging (2.284). Dividend Yield (0.000) settles around the average of (0.224) among similar stocks. P/S Ratio (2.103) is also within normal values, averaging (139.965).
The Tickeron SMR rating for this company is 13 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 48 (best 1 - 100 worst), indicating steady price growth. IT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 64 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. IT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
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General Information
a provider of information technology, research and consulting services
Industry InformationTechnologyServices