IT Price Prediction Next Week
Technical Analysis
Recent price action shows IT stock has formed a bearish trend, with the price declining from $503.25 to $487.90 over the past week . The stock is currently testing support around $485 level.
News Impact According to recent analyst reports, Gartner (IT) received mixed ratings with Barclays maintaining a Buy rating and $600 price target. The company's Q4 2024 performance was strong with revenue of $1.48 billion and net profit of $415.05 million.
Price Forecast for Next Week Based on technical indicators and recent price action:
- Support levels: $485, $475
- Resistance levels: $500, $510
- Expected trading range: $480-$505
The stock shows bearish momentum in the short-term with declining volume. The recent insider selling activity also suggests potential downward pressure.
Price Target & Recommendation Expected price by end of next week: $475
SELL Recommendation based on:
- Bearish technical indicators
- Negative insider sentiment
- Price below key moving averages
- Weakening momentum
Target entry for short positions: Current price ($487.90) Stop loss: $505 Take profit: $475
The stock is likely to continue its downward trend next week unless there is significant positive news catalyst. Traders should monitor $485 support level closely as a break below could accelerate selling pressure.
IT Similar Chart Price Prediction
The price of IT is predicted to go up -8.95%, based on the high correlation periods with NCTY. The similarity of these two price pattern on the periods is 97.41%.
IT
NCTY
Down: -8.95%Similarity: 97.41%
IT Revenue Forecast
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IT Analyst's Forecast
Toni Kaplan
Morgan Stanley
Hold
2025-01-16
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
2025-01-10
Price Target
$525 → $600
Upside
+22.7%
Jason Haas
Wells Fargo
Sell
2024-11-06
Price Target
$460 → $470
Downside
-12.46%
