Gartner IT anticipates significant growth in overall
IT Spending and the
chip revenue, expecting a rise by
33% and
8% respectively by 2024. The company's performance has been fluctuating, with the share prices crossing below 200 DMA and declining by 18.3% since the last earnings report. Despite the drops, the company advanced in Q1 and rose by 31% in Q4 due to good results. Additionally, Gartner’s Q1 and Q4
Earnings and Revenues surpassed estimates uplifting the share prices slightly. Various strategic IT plans have been enumerated by Gartner with increased focus on digital transformation, AI, Cybersecurity and Cloud strategies. Gartner is also looking forward to a generative AI system and has identified top strategic technology trends for 2024. The extensive
IT services forecast suggests rising demand for consulting. Despite some downgrades and sell-offs, experts suggest holding Gartner (IT) stocks. The company's diversified addressable market and strategic predictions for 2024 are seen as promising for future growth.
Gartner IT News Analytics from Tue, 20 Jun 2023 07:00:00 GMT to Thu, 30 May 2024 21:32:07 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 7
