Why Gartner Stock Skyrocketed This Week
(NYSE: IT) stock surged this week after the information services specialist reported better-than-expected quarterly results. The company's share price climbed 22.9% in the week amid the backdrop of a 3.6% gain for the S 500 and a 5.2% gain for the Nasdaq Composite.
Gartner's valuation has been under pressure over the last year due to concerns that artificial intelligence (AI) will disrupt its business, but the company's second-quarter results were better than anticipated. The company also raised its full-year guidance and continued to expand its share buyback program.
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Source Fool.com
Gartner Inc. Stock
€157.10
-3.110%
Based on 7 Buy predictions and 5 Sell predictions the sentiment towards Gartner Inc. is rather balanced.
However, we have a potential of -17.25% for Gartner Inc. as the target price of 130 € is below the current price of 157.1 €.
