Tech advisory firm Gartner Inc. (NYSE: IT) has had a rough couple of months. Having hit an all-time high back in February, they’ve shown just how bad things can get when sentiment changes. Shares are down close to 60% from that peak, including a 27% slide this month, following the company’s Q2 earnings report. The drawdown has left Gartner looking like one of the hardest-hit names among large-cap tech and services stocks.
But the story may be shifting. Since we highlighted the bounce opportunity earlier this month, Gartner has stopped making new lows and has started to consolidate. The stock is showing signs of being bid back up, and a mini uptrend is beginning to take shape. For investors willing to take on risk in search of outsized returns, Gartner could be setting up as one of the most intriguing plays of the quarter. Let’s dive into three reasons this could be the best buy of Q3.
