Gartner (IT), a premier advisory and research firm, recently downgraded its
revenue growth guidance, which negatively affected its stock performance. Despite the mixed messaging, suggestions to retain Gartner stock has surfaced due to historical earnings performances and a hope in its long-term growth story. However, with speculations of increasing global budgets in IT sectors, most believe that this will benefit Gartner, particularly in its focus areas of
AI and cybersecurity. There has been a continual reevaluation of Gartner's valuation following various events like insider buying,
$1 billion buyback, ESG index inclusion and a significant share price decline. Gartner forecasts an impressive 7.9% surge in
IT spending amidst an infrastructure revolution, an
increase in spending specific to Europe and
enterprise software spend to notably rise by 15.2% by next year. Another revealed projection highlights that 80% of enterprise software and applications will be multimodal by 2030, a massive leap from less than 10% in 2024. Despite marked declines, Gartner's Q3 earnings and revenues have outperformed estimates.
AI adoption continues to be influential on enterprise and government tech spend, touching all IT by 2030. They predict over 40% of
Agentic AI projects will be cancelled by 2027.
Gartner IT News Analytics from Tue, 11 Feb 2025 18:58:48 GMT to Sat, 03 Jan 2026 08:09:10 GMT -
Rating -3
- Innovation 4
- Information 6
- Rumor 0
