RBC Capital Believes IT Won’t Stop Here

By Jason Carr

RBC Capital analyst Gary Bisbee upgraded Gartner (NYSE: IT) to Buy today and set a price target of $124. The company’s shares closed last Friday at $105.95, close to its 52-week high of $106.12.

According to TipRanks.com, Bisbee is a 4-star analyst with an average return of 4.5% and a 66.3% success rate. Bisbee covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Corporate Executive Board, and Nord Anglia Education.

Gartner has an analyst consensus of Strong Buy, with a price target consensus of $111.80.

The company has a one year high of $106.12 and a one year low of $82.94. Currently, Gartner has an average volume of 664.3K.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. Last month, Craig Safian, the SVP & CFO of IT sold 4,000 shares for a total of $409,840.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gartner, Inc. is an information technology research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research, Consulting, and Events. The Research segment provides objective insight on critical and timely technology and supply chain initiatives for Chief Information Officers and other information technology professionals, supply chain leaders, digital marketing and other business professionals, as well as technology companies and the institutional investment community. The Consulting segment engages in the provision of customized solutions to unique client needs through on-site, day-to-day support, as well as proprietary tools for measuring and improving IT performance with a focus on cost, performance, efficiency and quality. The Events segment offers IT, supply chain, digital marketing, and other business professionals the opportunity to attend various symposia, conferences and exhibitions to learn, contribute and network with their peers. The company was founded by Gideon I. Gartner and Dave L. R. Stein in 1979 and is headquartered in Stamford, CT.