Companies Finally Find a Use for Virtual Reality at Work
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 06 2024
0mins
Source: WSJ
Adoption of Virtual Reality in Workforce Training: More companies are utilizing virtual reality (VR) technology for employee training across various subjects, including hardware maintenance and leadership skills.
Cautious Approach by Major Companies: Firms like United Parcel Service and Walmart are adopting VR technology gradually, balancing the hype and skepticism surrounding its effectiveness through careful testing and piloting.
Analyst Views on IT
Wall Street analysts forecast IT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IT is 273.86 USD with a low forecast of 218.00 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
3 Buy
5 Hold
1 Sell
Hold
Current: 237.120
Low
218.00
Averages
273.86
High
390.00
Current: 237.120
Low
218.00
Averages
273.86
High
390.00
About IT
Gartner, Inc. delivers actionable, objective insight to executives and their teams. It operates through three segments: Research, Conferences and Consulting. The Research segment delivers independent, objective insight to leaders across an enterprise through subscription services that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts located around the globe. The Gartner Conferences segment is designed for information technology (IT) and business executives as well as decision-makers looking to adapt and evolve their organizations through disruption and uncertainty, navigate risks and prioritize investments. The Consulting segment serves chief information officers and other senior executives to optimize technology investments and drive business impact. The Company also provides solutions for a range of IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
