Gartner Inc is a leading research and advisory company that specializes in providing insights, guidance, and tools to help organizations make informed decisions in the realm of technology and business strategies. The company delivers a wide range of services, including research reports, consulting, and events, covering various industries and sectors. Gartner's extensive database of market analysis and expert recommendations empowers clients to navigate complex technological landscapes, optimize performance, and drive innovation, ultimately enhancing their competitive advantage in the marketplace. Read More
A number of stocks jumped in the afternoon session after the Consumer Price Index (CPI) report bolstered expectations for a Federal Reserve interest rate cut despite showing persistent inflation.
Shares of research and advisory firm Gartner (NYSE:IT) fell 5.3% in the afternoon session after RBC Capital Markets initiated coverage of the research and advisory firm with a neutral rating, citing concerns over slowing growth and potential disruption from artificial intelligence. In its note, RBC set a price target of $263 and gave the stock a 'Sector Perform' rating, pointing to near-term pressure from weaker technology spending. The bank's analysts also highlighted that contract value growth has moderated and that investors are doubtful about Gartner's ability to reaccelerate growth to double-digit figures by 2027. Furthermore, RBC expressed concern that the rise of generative AI tools could disrupt Gartner's business model and that its seat-based license structure could face pressure as businesses potentially scale back.
AI-linked stocks rallied Wednesday, fueled by investor optimism that artificial intelligence will power earnings growth after Oracle Corp. (NYSE:ORCL) revealed a massive backlog of AI-related orders.
By 2028, none (0%) of the Fortune 500 companies will have fully eliminated human customer service, according to Gartner, Inc, a business and technology insights company.
Let's take a look at the S&P500 stocks that are experiencing notable price gaps in today's session on Wednesday. Discover the gap up and gap down stocks in the S&P500 index.
Shares of research and advisory firm Gartner (NYSE:IT) fell 4.2% in the afternoon session after Wolfe Research initiated coverage on the stock with a neutral 'Peerperform' rating, citing several pressures on the business. The research firm noted that Gartner's shares are under pressure due to budget constraints and concerns about AI disintermediation. This sentiment follows the company's recent second-quarter report, where it met analyst estimates but revealed that its total contract value grew by a modest 4.9% year-over-year.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Thursday as we examine the latest happenings in today's session.
Curious about the top performers within the S&P500 index in the middle of the day on Thursday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations.
However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.
Stay updated with the movements of the S&P500 index in the middle of the day on Monday. Discover which stocks are leading as top gainers and losers in today's session.
