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Gartner
(NYSE:IT)
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Rating:68Neutral
Price Target:
$165.00
▲(17.44% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by strong cash flow generation and a constructive, guidance-raising earnings call with continued aggressive buybacks. These positives are partially offset by balance-sheet risk (negative equity) and a softer recent growth/margin trend in the financial statements, while technicals are improving but still below the 200-day moving average; valuation appears moderate based on the ~14.9 P/E.
Positive Factors
Recurring subscription model and proprietary expertise
Subscription research creates recurring revenue and embeds Gartner in clients’ technology decisions. Its proprietary insights, analyst access, methodologies, and two-sided customer base support retention and differentiated positioning.
Negative Factors
Negative stockholders’ equity and elevated balance-sheet risk
Negative equity reduces balance-sheet flexibility and makes leverage metrics appear highly stressed. Although debt fell sharply in the TTM period, this capital structure could constrain resilience and increase exposure during weaker operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring subscription model and proprietary expertise
Subscription research creates recurring revenue and embeds Gartner in clients’ technology decisions. Its proprietary insights, analyst access, methodologies, and two-sided customer base support retention and differentiated positioning.
Read all positive factors
Gartner Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue across different business segments, showing where the company is generating the most income and identifying key growth drivers or areas of concern.
Breaks down revenue across different business segments, showing where the company is generating the most income and identifying key growth drivers or areas of concern.
Data provided by:
The Fly
The FlyGartner (IT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.50B
Dividend YieldN/A
Average Volume (3M)1.39M
Price to Earnings (P/E)17.3
Beta (1Y)0.82
Revenue Growth0.68%
EPS Growth-31.71%
CountryUS
Employees19,285
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)11.16
Shares Outstanding63,148,975
10 Day Avg. Volume1,230,037
30 Day Avg. Volume1,386,521
Financial Highlights & Ratios
PEG Ratio-0.65
Price to Book (P/B)56.78
Price to Sales (P/S)2.80
P/FCF Ratio15.46
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$184.82Price Target Upside31.54% Upside
Rating ConsensusHold
Number of Analyst Covering12
EPS Forecast (FY)14.54
Revenue Forecast (FY)$6.42B
Gartner Business Overview & Revenue Model
Company Description
Gartner, Inc. functions as a premier research and advisory enterprise, extending its reach across the United States, Canada, Europe, the Middle East, Africa, and various international markets. Its operations are structured into three main division...
How the Company Makes Money
Gartner primarily makes money through a subscription-based model, supplemented by fees from conferences and consulting.
1) Research (subscription revenue): The largest portion of Gartner’s revenue comes from ongoing subscriptions that give client...
Gartner Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call highlighted multiple operational and financial positives: revenue, EBITDA, adjusted EPS and free cash flow all beat expectations; client engagement and retention metrics improved; contract value growth accelerated sequentially (including ex-Fed improvement); bookings and backlog showed improvement; margins expanded and management raised full-year guidance while continuing sizable share repurchases. Offsetting these positives are areas of weakness and risk: consulting revenue declined, GBS new business was down year-over-year, contract optimization remains variable, and persistent macro/geopolitical pressures and FX headwinds constrain near-term growth. Overall, the company demonstrated strong execution and momentum with manageable headwinds.Positive Updates
Revenue Beat and Growth
Second quarter revenue of $1.7 billion, up 3% year-over-year reported and up 2% on an FX-neutral basis; results were ahead of expectations.
Negative Updates
Consulting Revenue Decline
Consulting revenue declined to $142 million from $156 million year-over-year (approximately a 9% decrease), and consulting contribution margin was 38%.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Beat and Growth
Second quarter revenue of $1.7 billion, up 3% year-over-year reported and up 2% on an FX-neutral basis; results were ahead of expectations.
Read all positive updates
Company Guidance
Gartner raised its full‑year 2026 outlook, now expecting revenue at or above $6.375 billion (FX‑neutral growth ~1%), adjusted EBITDA at or above $1.57 billion (margin ≥24.6%), adjusted EPS at or above $14, and free cash flow at or above $1.185 billion (GAAP net income conversion ~136%); guidance is based on 66 million fully diluted weighted‑average shares outstanding (company exited Q2 with ~64 million shares after $547 million of repurchases and an expanded ~$1.2 billion buyback authorization). Management also targets Q3 EBITDA at or above $315 million, says Insights revenue is operationally unchanged with FX‑neutral sequential growth expected in Q3, is guiding Conferences on 55 in‑person destination events, and reiterated that contract value is reaccelerating (Q2 CV ~$5.3 billion; ex‑Fed CV growth 3.3%), while projecting adjusted EPS compound annual growth above 12% over the next three years.Gartner Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.46B | 6.50B | 6.27B | 5.91B | 5.48B | 4.73B |
| Gross Profit | 4.45B | 4.40B | 4.24B | 4.00B | 3.78B | 3.29B |
| EBITDA | 1.30B | 1.23B | 1.72B | 1.47B | 1.35B | 1.30B |
| Net Income | 775.28M | 729.18M | 1.25B | 882.47M | 807.80M | 793.56M |
Balance Sheet | ||||||
| Total Assets | 7.19B | 8.09B | 8.53B | 7.84B | 7.30B | 7.42B |
| Cash, Cash Equivalents and Short-Term Investments | 1.49B | 1.72B | 1.93B | 1.32B | 698.00M | 756.49M |
| Total Debt | 2.98B | 3.62B | 2.90B | 3.07B | 3.16B | 3.25B |
| Total Liabilities | 7.36B | 7.77B | 7.18B | 7.16B | 7.07B | 7.05B |
| Stockholders Equity | -167.34M | 319.91M | 1.36B | 680.63M | 227.80M | 371.06M |
Cash Flow | ||||||
| Free Cash Flow | 1.29B | 1.18B | 1.38B | 1.05B | 993.37M | 1.25B |
| Operating Cash Flow | 1.38B | 1.29B | 1.48B | 1.16B | 1.10B | 1.31B |
| Investing Cash Flow | 11.13M | -115.14M | -103.74M | 54.16M | -117.56M | -80.47M |
| Financing Cash Flow | -2.09B | -1.44B | -710.14M | -588.88M | -1.03B | -1.16B |
Gartner Technical Analysis
Positive
140.50
Price Trends
149.95
Positive
152.40
Positive
180.17
Positive
Market Momentum
10.72
Negative
61.73
Neutral
46.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT, the sentiment is Positive. The current price of 140.5 is below the 20-day moving average (MA) of 167.94, below the 50-day MA of 149.95, and below the 200-day MA of 180.17, indicating a bullish trend. The MACD of 10.72 indicates Negative momentum. The RSI at 61.73 is Neutral, neither overbought nor oversold. The STOCH value of 46.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT.
Gartner Risk Analysis
Gartner disclosed 31 risk factors in its most recent earnings report. Gartner reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gartner Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $105.82B | 14.51 | 25.00% | 4.44% | 6.74% | -0.66% | |
76 Outperform | $26.03B | 13.08 | 14.94% | 2.82% | 5.64% | -5.39% | |
75 Outperform | $47.34B | 14.29 | 33.03% | 4.71% | -0.64% | 5.69% | |
70 Outperform | $21.12B | 6.23 | 22.57% | 4.05% | 18.26% | 2280.55% | |
68 Neutral | $11.50B | 17.28 | 401.44% | ― | 0.68% | -31.71% | |
67 Neutral | $27.50B | 9.98 | 10.77% | ― | -1.17% | -13.24% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
IT
Gartner
192.82
-51.38
-21.04%
ACN
Accenture
183.17
-63.67
-25.79%
CTSH
Cognizant
60.93
-8.00
-11.61%
FIS
Fidelity National Info
40.66
-26.91
-39.83%
FISV
Fiserv
52.08
-87.88
-62.79%
INFY
Infosys
12.03
-4.46
-27.06%
Gartner Corporate Events
Stock BuybackFinancial Disclosures
Gartner Highlights Strong Q2 Earnings and Buyback Expansion
Positive
Aug 4, 2026
Gartner, Inc. is a research and advisory firm that provides actionable, objective business and technology insights to help organizations make smarter decisions on mission-critical priorities and improve performance. The company operates globally, ...
Executive/Board ChangesShareholder Meetings
Gartner Shareholders Back Board, Pay, and Auditor at Meeting
Positive
Jun 2, 2026
At Gartner, Inc.’s 2026 Annual Meeting of Stockholders held on May 28, 2026, shareholders elected thirteen nominees to the company’s board of directors, with all candidates receiving sufficient support despite varying levels of opposit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.