Upside case
Bull case
$398+163.3%
IT would need investors to value it at roughly 30x earnings — about 19x more generous than today's 11x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated May 1, 2026
Gartner, Inc. (IT) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
18
analysts
6 bullish · 3 bearish · 18 covering IT
Strong Buy
1
Buy
5
Hold
9
Sell
3
Strong Sell
0
Consensus Target
$189
+25.3% vs today
Scenario Range
$19 – $398
Model bear to bull value window
Coverage
18
Published analyst ratings
Valuation Context
11.4x
Forward P/E · Market cap $10.2B
IT price targets
Three scenarios for where IT stock could go
Current
~$151
Confidence
67 / 100
Updated
May 1, 2026
Where we are now
Current · $151
Bear
$19
Base
$230
Bull
$398
Market caseClosest to today
Base case
$230+52.4%
At 17x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$19-87.7%
If investor confidence fades or macro conditions deteriorate, a 10x multiple contraction could push IT down roughly 88% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Gartner, Inc.
IT · NYSETechnologyInformation Technology ServicesDecember year-end
Gartner is a global research and advisory firm that provides insights and guidance to technology and business leaders. It generates revenue primarily through subscription-based research services (~70% of revenue), supplemented by conferences and consulting engagements. The company's moat lies in its proprietary research methodologies, extensive expert network, and entrenched relationships with enterprise clients who rely on its vendor-neutral guidance for major technology decisions.
Market Cap
$10.2B
Revenue TTM
$6.5B
Net Income TTM
$741M
Net Margin
11.4%
IT Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
75%Exceptional
vs consensus estimates
Avg EPS Surprise
+16.7%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$3.53/$3.30
Revenue
$1.7B/$1.7B
Q4 2025
EPS
$2.76/$2.43
Revenue
$1.5B/$1.5B
Q1 2026
EPS
$3.94/$3.50
Revenue
$1.8B/$1.7B
Q2 2026
EPS
$3.32/$2.99
Revenue
$1.5B/$1.5B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $3.53/$3.30 | +7.0% | $1.7B/$1.7B | +0.7% |
| Q4 2025 | $2.76/$2.43 | +13.6% | $1.5B/$1.5B | +0.2% |
| Q1 2026 | $3.94/$3.50 | +12.6% | $1.8B/$1.7B | +0.2% |
| Q2 2026 | $3.32/$2.99 | +11.0% | $1.5B/$1.5B | -0.2% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$6.7B
+4.1% YoY
FY2
$7.1B
+5.7% YoY
EPS Outlook
FY1
$12.78
+20.7% YoY
FY2
$14.71
+15.1% YoY
Trailing FCF (TTM)$1.3B
FCF Margin: 19.4%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
IT beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
IT Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $1.2B
Product Mix
Latest annual revenue by segment or product family
Events
53.9%
+10.5% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
United States And Canada
62.1%
+0.4% YoY
Tap, hover, or focus a slice to inspect segment detail.
Events is the largest disclosed segment at 53.9% of FY 2025 revenue, up 10.5% YoY.
United States And Canada is the largest reported region at 62.1%, up 0.4% YoY.
IT Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $488 — implies +233.7% from today's price.
Upside to Fair Value
233.7%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
IT
15.7x
vs
S&P 500
25.2x
38% discount
vs Technology Trailing P/E
IT
15.7x
vs
Technology
27.5x
43% discount
vs IT 5Y Avg P/E
Today
15.7x
vs
5Y Average
33.4x
53% discount
Forward PE
11.4x
S&P 500
19.1x
-40%
Technology
21.7x
-47%
5Y Avg
—
—
Trailing PE
15.7x
S&P 500
25.2x
-38%
Technology
27.5x
-43%
5Y Avg
33.4x
-53%
PEG Ratio
0.59x
S&P 500
1.75x
-66%
Technology
1.47x
-60%
5Y Avg
—
—
EV/EBITDA
9.9x
S&P 500
15.3x
-35%
Technology
17.4x
-43%
5Y Avg
24.4x
-60%
Price/FCF
8.7x
S&P 500
21.3x
-59%
Technology
19.8x
-56%
5Y Avg
25.5x
-66%
Price/Sales
1.6x
S&P 500
3.1x
-50%
Technology
2.4x
-35%
5Y Avg
5.2x
-70%
Dividend Yield
—
S&P 500
1.88%
—
Technology
1.18%
—
5Y Avg
—
—
| Metric | IT | S&P 500 | Technology | 5Y Avg IT |
|---|---|---|---|---|
| Forward PE | 11.4x | 19.1x-40% | 21.7x-47% | — |
| Trailing PE | 15.7x | 25.2x-38% | 27.5x-43% | 33.4x-53% |
| PEG Ratio | 0.59x | 1.75x-66% | 1.47x-60% | — |
| EV/EBITDA | 9.9x | 15.3x-35% | 17.4x-43% | 24.4x-60% |
| Price/FCF | 8.7x | 21.3x-59% | 19.8x-56% | 25.5x-66% |
| Price/Sales | 1.6x | 3.1x-50% | 2.4x-35% | 5.2x-70% |
| Dividend Yield | — | 1.88% | 1.18% | — |
IT trades above S&P 500 benchmarks on 0 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolIT Financial Health
Verdict
Exceptional
IT generates $1.3B in free cash flow at a 19.4% margin — 33.9% ROIC signals a durable competitive advantage · returns 19.5% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$6.5B
Revenue Growth
TTM vs prior year
+2.3%
Gross Margin
Gross profit as a share of revenue
68.2%
Operating Margin
Operating income divided by revenue
16.4%
Net Margin
Net income divided by revenue
11.4%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$10.59
Free Cash Flow (TTM)
Cash generation after capex
$1.3B
FCF Margin
FCF as share of revenue — the primary cash quality signal
19.4%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
33.9%
ROA
Return on assets, trailing twelve months
9.5%
Cash & Equivalents
Liquid assets on the balance sheet
$1.7B
Net Debt
Total debt minus cash
$1.9B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.5× FCF
~1.5 years to full repayment at current FCF run-rate
ROE *
Return on equity, trailing twelve months
119.8%
* Elevated by buyback-compressed equity — compare ROIC (33.9%) for an undistorted picture of capital efficiency.
Shareholder Returns
How capital is returned to owners
Total shareholder yield
19.5%
Dividend
—
Buyback
19.5%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$2.0B
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Declining as buybacks retire shares
68M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt). ROE marked * where buyback-compressed equity base may inflate the figure.
Open full ratios pageIT Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
AI Disruption
Rapid advancements in AI pose a significant risk to traditional IT services, potentially rendering them redundant. The unprecedented speed and scope of AI-driven disruption could lead to pricing pressure, platform consolidation, or outright displacement of companies.
High Risk
Economic Slowdown
A weakening economy can strain consumer spending and impact corporate earnings, leading to more cautious IT budgets and softer deal flow. This economic slowdown could significantly affect stock prices in the IT sector.
High Risk
Government Regulations
Increased scrutiny from US and European authorities on big tech companies regarding privacy, content, and antitrust issues can create significant regulatory risks. Changes in regulations can increase operational costs and restrict business activities.
High Risk
Cybersecurity Breaches
Cybersecurity incidents can lead to significant financial and reputational damage for IT companies. The sensitivity of leaked data can exacerbate stock price drops, making this a critical risk factor.
Medium
Technological Obsolescence
The fast-paced nature of the tech industry means that companies can quickly become obsolete if they fail to innovate and adapt to new technologies. This risk is particularly pronounced for companies that do not keep pace with advancements.
Medium
Inflation and Interest Rates
Persistent inflation and higher interest rates can increase borrowing costs for IT companies, impacting profitability. Elevated interest rates for extended periods can also reduce the appeal of tech stocks, affecting valuations.
Medium
Intense Competition
The IT sector is characterized by intense competition, requiring companies to differentiate themselves through innovation and strong customer relationships. Failure to maintain market share may lead to declining valuations.
Lower
Supply Chain Disruptions
Global companies relying on international manufacturing and logistics are vulnerable to supply chain disruptions, which can be exacerbated by geopolitical tensions. Such disruptions can impact operational efficiency and profitability.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why IT Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
AI and Cybersecurity as Growth Catalysts
AI and cybersecurity are projected to be major drivers of IT spending by 2025, with a significant percentage of companies planning to increase their budgets for security solutions. This trend is fueled by rising security concerns and the demand for advanced processors and cooling systems necessary for AI and machine learning.
Digital Transformation and Cloud Adoption
The ongoing digital transformation is leading businesses to adopt cloud services to enhance scalability and reduce capital expenditures. This shift is further supported by advancements in 5G networks and fiber optics, which improve internet speed and bandwidth, facilitating more efficient operations.
Infrastructure Expansion
There is a rapid increase in demand for hyperscale and edge data centers to support the growing need for advanced computing power driven by AI and machine learning. This trend is resulting in significant investments in data center infrastructure, particularly with a shift from CPUs to GPUs.
Innovation and Efficiency
IT technologies such as IoT, AI, and blockchain are enabling businesses to innovate by developing new products and services. Additionally, IT facilitates the automation and simplification of complex operations, leading to increased efficiency across various sectors.
Strong Financial Performance and Market Position
Companies like Gartner are recognized for their strong market position in research and advisory services, benefiting from resilient subscription-based revenue. Seagate Technology has experienced notable revenue growth due to data center demand, while Intel's recent earnings reflect a positive turnaround driven by server CPU demand.
Long-Term Economic Drivers
Broader economic factors, including population growth and innovation, are expected to sustain a long-term upward trend in stock markets, including IT stocks. The ongoing need to combat inflation further supports the growth potential in the IT sector.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
IT Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$151.05
52W Range Position
4%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$139.18
+8.5% from the low
52-Week High
$451.73
-66.6% from the high
1 Month
-3.06%
3 Month
-3.38%
YTD
-36.3%
1 Year
-65.1%
3Y CAGR
-20.8%
5Y CAGR
-8.2%
10Y CAGR
+4.5%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
IT vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
11.4x
vs 21.6x median
-47% below peer median
Revenue Growth
+4.1%
vs +7.8% median
-48% below peer median
Net Margin
11.4%
vs -30.1% median
+138% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
IT IT Gartner, Inc. | $10.2B | 11.4x | +4.1% | 11.4% | Hold | +25.3% |
FOR FORR Forrester Research, Inc. | $117M | 8.0x | -7.5% | -30.1% | Hold | — |
SPG SPGI S&P Global Inc. | $125.4B | 21.6x | +7.8% | — | Buy | +29.4% |
MCO MCO Moody's Corporation | $79.5B | 26.9x | +7.9% | — | Buy | +21.4% |
MSC MSCI MSCI Inc. | $42.4B | 29.7x | +10.2% | — | Buy | +15.8% |
FDS FDS FactSet Research Systems Inc. | $9.1B | 11.9x | +5.7% | — | Hold | +31.2% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
IT Dividend and Capital Return
IT returns 18.8% annually — null% through dividends and 18.8% through buybacks.
Dividend UnknownFCF Unknown
Total Shareholder Yield
18.8%
Dividend + buyback return per year
Buyback Yield
18.8%
Dividend Yield
—
Payout Ratio
—
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.00
Growth Streak
Consecutive years of dividend increases
2Y
3Y Div CAGR
—
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
—
0 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$2.0B
Estimated Shares Retired
13M
Approx. Share Reduction
19.5%
Shares Outstanding
Current diluted share count from the screening snapshot
68M
At 19.5%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 1999 | $1.20 | — | 20.6% | 28.0% |
FAQ
7 questionsIT Investor Questions
Common questions answered from live analyst data and company financials.
01Is Gartner, Inc. (IT) stock a buy or sell in 2026?
Gartner, Inc. (IT) is rated Hold by Wall Street analysts as of 2026. Of 18 analysts covering the stock, 6 rate it Buy or Strong Buy, 9 rate it Hold, and 3 rate it Sell or Strong Sell. The consensus 12-month price target is $189, implying +25.3% from the current price of $151. The bear case scenario is $19 and the bull case is $398.
02What is the IT stock price target for 2026?
The Wall Street consensus price target for IT is $189 based on 18 analyst estimates. The high-end target is $275 (+82.1% from today), and the low-end target is $140 (-7.3%). The base case model target is $230.
03Is Gartner, Inc. (IT) stock overvalued in 2026?
IT trades at 11.4x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Gartner, Inc. (IT) stock in 2026?
The primary risks for IT in 2026 are: (1) AI Disruption — Rapid advancements in AI pose a significant risk to traditional IT services, potentially rendering them redundant. (2) Economic Slowdown — A weakening economy can strain consumer spending and impact corporate earnings, leading to more cautious IT budgets and softer deal flow. (3) Government Regulations — Increased scrutiny from US and European authorities on big tech companies regarding privacy, content, and antitrust issues can create significant regulatory risks. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Gartner, Inc.'s revenue and earnings forecast?
Analyst consensus estimates IT will report consensus revenue of $6.7B (+4.1% year-over-year) and EPS of $12.78 (+20.7% year-over-year) for the upcoming fiscal year. The following year, analysts project $7.1B in revenue.
06When does Gartner, Inc. (IT) report its next earnings?
A confirmed upcoming earnings date for IT is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Gartner, Inc. generate?
Gartner, Inc. (IT) generated $1.3B in free cash flow over the trailing twelve months — a free cash flow margin of 19.4%. IT returns capital to shareholders through and share repurchases ($2.0B TTM).