IT Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for Gartner (IT) for the next trading week:
Technical Analysis
The RSI(14) reading of 71.07 indicates the stock is approaching overbought territory, suggesting potential short-term resistance. The MACD value of 5.91 shows positive momentum but may be reaching a peak.
Price Levels
- Current Fibonacci levels indicate:
- Resistance 1: $526.40
- Resistance 2: $537.39
- Resistance 3: $555.18
- Support 1: $490.82
- Support 2: $479.83
- Support 3: $462.04
- Pivot: $508.61
News Impact Recent news suggests mixed sentiment:
- Positive: Expected EPS growth of 12.5% year-over-year to $13.35 in fiscal 2025
- Neutral: Q4 earnings expected at $3.23 per share, up 6.3% from previous year
- Cautious: Analyst consensus maintains "Moderate Buy" rating with mixed opinions
Price Prediction Based on technical indicators and news sentiment:
- Short-term target: $515-520
- Expected trading range: $490-530
- Primary resistance: $526.40
- Key support: $490.82
Trading Recommendation SELL. The stock is showing overbought signals with RSI above 70, and approaching key resistance levels. Suggest taking profits or implementing tight stop losses at current levels.
IT Similar Chart Price Prediction
The price of IT is predicted to go up -4.37%, based on the high correlation periods with PAG. The similarity of these two price pattern on the periods is 97.61%.
IT
PAG
Down: -4.37%Similarity: 97.61%
IT Revenue Forecast
IT EPS Forecast
IT FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
IT Analyst's Forecast
Toni Kaplan
Morgan Stanley
Hold
Price Target
$564 → $555
Upside
+8.39%
Morgan Stanley lowered the firm's price target on Gartner to $555 from $564 and keeps an Equal Weight rating on the shares. The firm's web traffic tracker showed a meaningful step down in Q4, "supporting further reason for conservatism," the analyst tells investors in an earnings preview note. The firm expects management to continue its conservative approach, but thinks guidance will be largely in line with expectations, the analyst added.
Manav Patnaik
Barclays
Hold → Buy
Price Target
$525 → $600
Upside
+22.7%
Jason Haas
Wells Fargo
Sell
Price Target
$435 → $460
Upside
-12.81%