Munger Mode rating: 4 out of 5 — Buy. Our own rating from the research report below, on business quality first: moat durability and management, with price separating the top three.
We have watched Gartner from a distance for two decades, always admiring the machine and always choking on the price. The market has now done us the favor it occasionally does: it panicked. From a peak of roughly $552 in November 2024, the stock fell about 71% to the $150s on two fears — DOGE-driven federal contract cancellations and the belief that large language models will make paying for human research advice obsolete. On August 4, 2026, the company reported a quarter showing contract value growth re-accelerating for the second consecutive quarter, raised guidance, and the stock jumped 22.6% in a day to $185.79.
Recent filings analysed: 10-Q (2026-08-04), 8-K (2026-08-04), 8-K (2026-06-02), 10-Q (2026-05-05).
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