Gartner (NYSE:IT) Price Target Raised to $207.00

Gartner (NYSE:IT) had its price objective lifted by The Goldman Sachs Group from $181.00 to $207.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the information technology services provider’s stock. The Goldman Sachs Group‘s target price indicates a potential downside of 1.80% from the stock’s previous close.

A number of other brokerages have also recently weighed in on IT. UBS Group lifted their price target on Gartner from $196.00 to $208.00 and gave the stock a “neutral” rating in a research note on Monday, October 5th. Zacks Research downgraded Gartner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Morgan Stanley lifted their price target on Gartner from $177.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday, October 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $231.00 target price on shares of Gartner in a research note on Wednesday. Finally, Truist Financial lowered shares of Gartner from a “buy” rating to a “hold” rating and dropped their price target for the stock from $235.00 to $210.00 in a research note on Wednesday. Eight investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Gartner presently has an average rating of “Reduce” and a consensus price target of $200.50.

Gartner Price Performance

IT stock traded up $6.57 on Wednesday, hitting $210.79. 832,286 shares of the company’s stock traded hands, compared to its average volume of 1,450,946. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 0.89 and a beta of 0.92. Gartner has a 1-year low of $124.25 and a 1-year high of $256.89. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a fifty day moving average of $197.07 and a 200-day moving average of $170.01.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, November 3rd. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.75. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 EPS. On average, analysts forecast that Gartner will post 14.39 EPS for the current fiscal year.

Insider Activity

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the transaction, the executive vice president owned 6,208 shares of the company’s stock, valued at $1,179,892.48. The trade was a 16.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Akhil Jain sold 700 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the sale, the executive vice president directly owned 8,130 shares in the company, valued at approximately $1,640,064.90. This represents a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,043 shares of company stock worth $1,172,858 in the last 90 days. Insiders own 2.60% of the company’s stock.

Institutional Trading of Gartner

A number of hedge funds have recently bought and sold shares of the stock. Bamco Inc. NY acquired a new stake in Gartner during the second quarter worth about $985,243,000. BlackRock Inc. acquired a new position in shares of Gartner in the second quarter valued at $676,246,000. Bank of America Corp DE acquired a new position in shares of Gartner in the second quarter valued at $117,661,000. Madison Asset Management LLC bought a new position in Gartner in the second quarter worth $74,481,000. Finally, Bank of New York Mellon Corp bought a new position in Gartner in the second quarter worth $51,262,000. 91.51% of the stock is owned by institutional investors.

Gartner News Roundup

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner reported Q3 adjusted EPS of $3.59, above consensus estimates of about $2.84, and revenue of roughly $1.50 billion, slightly ahead of forecasts. The company also raised its 2026 adjusted EPS outlook to at least $14.65 and its EBITDA target to at least $1.615 billion. Gartner Q3 earnings and revenues beat estimates
• Neutral Sentiment: Management said demand for advice on AI implementation is bringing clients to Gartner, but that opportunity has not yet translated into the faster growth investors were looking for. Gartner stock crashed despite raised guidance
• Negative Sentiment: The key growth measure cited in coverage increased only 2.5%, and management indicated a 4% pace by year-end was unlikely. Gartner’s implied Q4 earnings outlook also fell short of Wall Street expectations, while revenue was down about 1.2% year over year—concerns that overshadowed the Q3 beat and higher annual guidance. Gartner stock sinks despite raised outlook
• Negative Sentiment: Truist Financial cut its rating from Buy to Hold and lowered its price target from $235 to $210, signaling less near-term upside in the analyst’s view. Gartner analyst downgrade

Gartner Company Profile

Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities.

The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences.