Gartner (NYSE:IT) Stock Price Expected to Rise, UBS Group Analyst Says

Gartner (NYSE:IT – Get Free Report) had its price target upped by research analysts at UBS Group from $208.00 to $220.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. UBS Group‘s price objective would suggest a potential upside of 6.17% from the company’s current price.

Several other research firms have also commented on IT. Zacks Research lowered shares of Gartner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $198.00 price target on shares of Gartner in a research note on Tuesday, October 20th. BMO Capital Markets restated a “market perform” rating and set a $231.00 price target on shares of Gartner in a research report on Wednesday. Morgan Stanley raised their price objective on Gartner from $182.00 to $192.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on Gartner from $181.00 to $207.00 and gave the stock a “neutral” rating in a report on Wednesday. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $202.70.

Check Out Our Latest Stock Analysis on IT

Gartner Price Performance

IT traded up $2.99 during midday trading on Wednesday, hitting $207.21. The stock had a trading volume of 1,804,398 shares, compared to its average volume of 1,455,635. The company has a market cap of $13.09 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 0.89 and a beta of 0.92. The business has a fifty day moving average of $197.07 and a 200 day moving average of $170.01. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. Gartner has a 1 year low of $124.25 and a 1 year high of $256.89.

Gartner (NYSE:IT – Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $2.76 earnings per share. As a group, equities analysts forecast that Gartner will post 14.39 earnings per share for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On Gartner

Several hedge funds have recently made changes to their positions in the business. Bamco Inc. NY bought a new stake in Gartner in the second quarter worth $985,243,000. BlackRock Inc. purchased a new stake in shares of Gartner in the second quarter worth $676,246,000. Bank of America Corp DE increased its holdings in shares of Gartner by 60.1% during the first quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider’s stock valued at $122,519,000 after acquiring an additional 290,499 shares in the last quarter. Madison Asset Management LLC bought a new position in shares of Gartner during the second quarter valued at $74,481,000. Finally, Bollard Group LLC increased its holdings in shares of Gartner by 35.1% during the first quarter. Bollard Group LLC now owns 364,462 shares of the information technology services provider’s stock valued at $57,709,000 after acquiring an additional 94,718 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

  • Positive Sentiment: Gartner beat third-quarter earnings and revenue expectations and raised its 2026 adjusted EPS outlook to at least $14.65, with EBITDA guidance of at least $1.615 billion. Stronger profitability and demand for help navigating AI adoption offer support for the longer-term story. Gartner Q3 Earnings Beat Estimates, Revenues Move Up 2% Y/Y
  • Neutral Sentiment: Analyst reactions were mixed. Truist downgraded Gartner from Buy to Hold and cut its target to $210, while Morgan Stanley and Goldman Sachs raised their targets but kept Equal Weight and Neutral ratings, respectively. Gartner downgraded at Truist after weak Q3 results
  • Negative Sentiment: The earnings beat and raised annual guidance did not ease concerns about the pace of recovery. Gartner’s key contract-value growth measure increased only 2.5%, and management said reaching a 4% pace by year-end is unlikely. Longer sales cycles and rising costs add to worries about growth and profitability. Gartner Q3 Earnings Call Highlights Slower Growth Recovery
  • Negative Sentiment: Investors were also disappointed by the implied fourth-quarter forecast, which fell short of expectations. Concerns that lower-cost AI services could pressure Gartner’s offerings may further weigh on sentiment. Gartner Stock Sinks Despite Raised Outlook as Fourth-Quarter Forecast Disappoints

Gartner Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Gartner (NYSE:IT)

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