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Gartner
(NYSE:IT)
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Rating:68Neutral
Price Target:
$226.00
▲(17.12% 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
Gartner’s subscription-based research and advisory model creates recurring revenue, supported by annual or multi-year contracts and analyst access. This structure improves earnings visibility, encourages renewals, and provides a durable foundation for cross-selling conferences and higher-value advisory services.
Negative Factors
Negative Stockholders’ Equity
Negative stockholders’ equity makes Gartner’s capital structure appear stressed and reduces the usefulness of equity-based financial comparisons. Combined with a very high debt-to-equity reading, this signals elevated balance-sheet risk and may constrain flexibility if operating conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Subscription Model
Gartner’s subscription-based research and advisory model creates recurring revenue, supported by annual or multi-year contracts and analyst access. This structure improves earnings visibility, encourages renewals, and provides a durable foundation for cross-selling conferences and higher-value advisory services.
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
$13.12B
Dividend YieldN/A
Average Volume (3M)949.46K
Price to Earnings (P/E)18.6
Beta (1Y)0.74
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. Volume789,982
30 Day Avg. Volume949,464
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 Cap0.80
Enterprise Value/Revenue1.62
Enterprise Value/Gross Profit2.35
Enterprise Value/Ebitda8.03
Forecast
1Y Price Target
$195.00Price Target Upside1.06% Upside
Rating ConsensusHold
Number of Analyst Covering12
EPS Forecast (FY)14.47
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 by selling subscriptions and related services that provide ongoing access to its research and analysts, supplemented by revenue from conferences and events.
1) Research & Advisory subscriptions (core revenue stream)
...
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
192.96
Price Trends
189.14
Positive
168.36
Positive
170.03
Positive
Market Momentum
5.31
Negative
64.67
Neutral
85.53
Negative
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 192.96 is above the 20-day moving average (MA) of 190.62, above the 50-day MA of 189.14, and above the 200-day MA of 170.03, indicating a bullish trend. The MACD of 5.31 indicates Negative momentum. The RSI at 64.67 is Neutral, neither overbought nor oversold. The STOCH value of 85.53 is Negative, 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 | $158.51B | 16.81 | 26.77% | 2.79% | 6.47% | 11.19% | |
75 Outperform | $48.27B | 15.66 | 32.90% | 4.29% | -0.64% | 5.69% | |
74 Outperform | $30.09B | 14.17 | 14.94% | 1.95% | 5.64% | -5.39% | |
70 Outperform | $18.56B | 5.51 | 22.57% | 4.78% | 18.26% | 2280.55% | |
68 Neutral | $13.12B | 18.61 | 401.44% | ― | 0.68% | -31.71% | |
67 Neutral | $25.36B | 9.11 | 10.77% | 0.49% | -1.17% | -13.24% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
IT
Gartner
207.72
-50.45
-19.54%
ACN
Accenture
236.93
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CTSH
Cognizant
66.79
-0.46
-0.69%
FIS
Fidelity National Info
35.98
-29.23
-44.82%
FISV
Fiserv
47.69
-78.38
-62.17%
INFY
Infosys
12.20
-4.68
-27.73%
Gartner Corporate Events
Executive/Board Changes
Gartner Chief Legal Officer to Step Down Soon
Neutral
Oct 8, 2026
On October 3, 2026, Gartner, Inc. announced that Executive Vice President, Chief Legal Officer and Secretary Thomas Kim will step down from his role effective October 16, 2026 to pursue a new senior executive opportunity. The company emphasized th...
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, ...
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.