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3 Reasons Gartner Could Be the Best Buy of Q3
MarketBeatยท 2025-08-29 20:26
Core Viewpoint - Gartner Inc. has experienced a significant decline in stock price, down nearly 60% from its all-time high in February, with a 27% drop occurring this month following its Q2 earnings report [1][2] Group 1: Current Stock Performance - Gartner's stock has shown signs of recovery after hitting lows, with a mini uptrend beginning to form, indicating potential for outsized returns for risk-tolerant investors [2] - The Relative Strength Index (RSI) for Gartner reached an extreme low of 11, indicating oversold conditions, which suggests that selling pressure may soon be exhausted [3][4] - The stock has bounced back approximately 10% from its lows, with a pattern of higher lows forming, which is characteristic of new uptrends [7] Group 2: Technical Indicators - The Moving Average Convergence Divergence (MACD) indicator has shown a bullish crossover, signaling a shift in momentum towards buyers [6][7] - A decisive break above the $250 level is seen as a critical point that could confirm the emerging uptrend and potentially accelerate the rally [11] Group 3: Analyst Sentiment - Despite the recent sell-off, several analysts maintain a bullish outlook on Gartner, with a 12-month price forecast averaging $369.25, representing a potential upside of 48.19% from the current price [9] - Notable firms like Barclays and Goldman Sachs have reiterated their positive ratings, with Goldman projecting a price target of $457, indicating a potential upside of approximately 85% [9]