Jim Cramer on Gartner: “In a World Where AI Platforms Are Ubiquitous, Wall Street Figures Their Specific Expertise Is Less Valuable”

Gartner, Inc. (NYSE:IT) is one of the S&P 500 stocks that Jim Cramer shared his take on. Cramer highlighted that the company’s “light” full-year forecast is “getting people worried.” The Mad Money host remarked:

Rather than going in descending order, do you mind if I cover all of the AI victims at once? Another professional services firm, Gartner, was the fourth-worst S&P 500 stock in February. It was down an astounding 25%. This has been a Steady Eddie stock. Gartner’s an IT consultant. Customers come to Gartner for help on figuring out what technology they need and how to set it up. But in a world where AI platforms are ubiquitous, Wall Street figures their specific expertise is less valuable. Shrinkage of the multiple. Just like EPAM and CoStar, Gartner didn’t help its case when it reported a good quarter early last month, but once again, it offered a light full-year forecast, and that is what’s really getting people worried.

Stock market data. Photo by Jakub Zerdzicki on Pexels

Gartner, Inc. (NYSE:IT) is a research and advisory company that provides subscription-based insights, expert access, consulting services, and executive conferences.

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