Gartner, Inc. (IT), with a market capitalization of approximately $12.8 billion, is a global research and advisory company that provides objective insights on business and technology. The Stamford, Connecticut-based company helps organizations make faster, smarter decisions through expert guidance, research, benchmarks, tools, AI-powered insights, and strategic support for critical priorities.
Shares of the business and technology research and advisory company have considerably underperformed the broader market over the past year. IT has declined 18.9% over this period, while the broader S&P 500 Index ($SPX) has advanced 18.7%. On a year-to-date basis, IT has also continued to underperform, declining 22.4%, compared with the index’s 12.2% gain over the same period.
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Narrowing the comparison, IT has also underperformed the State Street Technology Select Sector SPDR ETF (XLK), which has gained 38.8% over the past year and 26.2% on a YTD basis.
www.barchart.com On August 4, Gartner reported its Q2 FY2026 earnings, with shares jumping 22.6% after the company reported better-than-expected results and raised its full-year outlook. Adjusted revenue grew 2.8% from the prior year’s quarter to $1.68 billion, and adjusted EPS increased 23.8% year over year to $4.37.
Gartner raised its full-year 2026 guidance, now expecting revenue of at least $6.38 billion, adjusted EBITDA of at least $1.57 billion, adjusted EPS of at least $14, and free cash flow of at least $1.19 billion. The company also increased its share repurchase authorization by $500 million in July 2026.
For the current fiscal year ending in December 2026, analysts expect IT’s diluted EPS to rise 9.5% to $14.42. IT has surpassed consensus EPS estimates in each of the past four quarters, which is an impressive track record.
Among the 15 analysts covering IT stock, the consensus rating is “Hold.” The rating is based on four “Strong Buy” ratings, nine “Hold” ratings, one “Moderate Sell” rating, and one “Strong Sell” rating.
www.barchart.com IT’s analyst configuration is more bullish than it was a month ago, when the stock had three “Strong Buy” recommendations.
On August 18, analyst Jeffrey Silber of BMO Capital maintained his Market Perform rating on Gartner while lowering the price target to $206 from $214. Silber cited potential near-term headwinds and evolving market conditions, suggesting a cautious outlook for the stock.
IT shares are currently trading above the mean price target of $187.38, while the Street-high target of $229 implies about 17% upside.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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