Deutsche Bank analyst Faiza Alwy maintains $Gartner (IT.US)$ with a hold rating, and sets the target price at $531.
According to TipRanks data, the analyst has a success rate of 64.0% and a total average return of 9.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Gartner (IT.US)$'s main analysts recently are as follows:
Gartner's overall contract value results aligned with market anticipations, as a significant acceleration this quarter was not anticipated. It is believed that for Gartner to justify current market expectations, a substantial acceleration in contract value over the upcoming quarters is necessary.
The firm's assessment indicates that Gartner's results and outlook align closely with expectations, and there is a strong positive sentiment regarding Gartner's capital-efficient and robust organic growth driven by proven management strategies. Additionally, there is an inclination towards investment in anticipation of near-term contractual value reacceleration.
The company's recent quarterly performance matched expectations. Projections indicate a growth acceleration to 7.7% in Contract Value next year, which is more conservative compared to the general market expectation of 9.6%, based on the anticipation of a continued lukewarm selling environment.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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