IT (Update)

Gartner, Inc.

TMT


Presented:10/01/2020
Price:$125.72
Cap:$11.22B
Current Price:$530.04
Cap:$40.84B

Presented

Date10/01/2020
Price$125.72
Market Cap$11.22B
Ent Value$13.39B
P/E Ratio47.44x
Book Value$11.09
Div Yield0%
Shares O/S89.23M
Ave Daily Vol388,194
Short Int2.08%

Current

Price$530.04
Market Cap$40.84B
Gartner, Inc. is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research, Consulting and Conferences. The Research segment gives advices on the mission-critical priorities of leaders. The Consulting segment offers customized solutions to unique client needs through on-site, day-to-day support, and proprietary tools for measuring and improving IT performance. The Conferences segment involves in the business professionals across the organization. The company was founded by Gideon I. Gartner and Dave L. R. Stein in 1979 and is headquartered in Stamford, CT.

Please note, this is an update to Gartner Inc (IT) - Long, which was first published on 6/9/2020.

Publicly traded companies mentioned herein: Gartner Inc (IT)

Highlights

The presenter is long shares of Gartner Inc (IT) and believes that post-COVID-19 the company should be able to grow EBITDA and EPS by double digits. To value this he puts 18x on the company’s 2022 fully taxed FCF, which by the end of 2021, gives him a price target of $173/share, for 40% upside. Despite the impact COVID-19 has had on IT’s research and conference segments, he believes management has been too conservative with guidance and the company should be able to beat estimates.

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Idea Discussion

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