Fintel reports that on January 10, 2025, Barclays upgraded their outlook for Gartner (NYSE:IT) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 13.69% Upside
As of December 23, 2024, the average one-year price target for Gartner is $555.91/share. The forecasts range from a low of $474.70 to a high of $621.60. The average price target represents an increase of 13.69% from its latest reported closing price of $488.99 / share.
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The projected annual revenue for Gartner is 6,883MM, an increase of 12.13%. The projected annual non-GAAP EPS is 11.37.
What is the Fund Sentiment?
There are 1,697 funds or institutions reporting positions in Gartner. This is an increase of 36 owner(s) or 2.17% in the last quarter. Average portfolio weight of all funds dedicated to IT is 0.33%, an increase of 2.73%. Total shares owned by institutions increased in the last three months by 1.08% to 87,950K shares. 
The put/call ratio of IT is 0.78, indicating a bullish outlook.
What are Other Shareholders Doing?
Bamco holds 4,022K shares representing 5.21% ownership of the company. In its prior filing, the firm reported owning 4,184K shares , representing a decrease of 4.02%. The firm increased its portfolio allocation in IT by 0.49% over the last quarter.
Massachusetts Financial Services holds 2,883K shares representing 3.74% ownership of the company. In its prior filing, the firm reported owning 3,134K shares , representing a decrease of 8.71%. The firm decreased its portfolio allocation in IT by 84.43% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,323K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 2,327K shares , representing a decrease of 0.15%. The firm increased its portfolio allocation in IT by 5.83% over the last quarter.
Geode Capital Management holds 2,018K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 1,982K shares , representing an increase of 1.82%. The firm decreased its portfolio allocation in IT by 44.45% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 2,018K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 1,993K shares , representing an increase of 1.27%. The firm increased its portfolio allocation in IT by 5.19% over the last quarter.
Gartner Background Information
(This description is provided by the company.)
Gartner, Inc. is the world's leading research and advisory company and a member of the S&P 500. Gartner equips business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow. Its unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. Gartner is a trusted advisor and an objective resource for more than 14,000 enterprises in more than 100 countries - across all major functions, in every industry and enterprise size.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
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