Gartner (NYSE:IT) Stock Price Target Raised at Morgan Stanley

Gartner (NYSE:IT) had its price objective upped by Morgan Stanley from $182.00 to $192.00 in a research report sent to investors on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the information technology services provider’s stock.

IT has been the topic of a number of other reports. BMO Capital Markets restated a “market perform” rating and set a $231.00 price objective on shares of Gartner in a research report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Gartner from $181.00 to $207.00 and gave the stock a “neutral” rating in a research note on Wednesday. Truist Financial lowered shares of Gartner from a “buy” rating to a “hold” rating and lowered their price target for the company from $235.00 to $210.00 in a report on Wednesday. UBS Group raised their price objective on shares of Gartner from $196.00 to $208.00 and gave the stock a “neutral” rating in a report on Monday, October 5th. Finally, Zacks Research lowered shares of Gartner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Eight research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Gartner presently has an average rating of “Reduce” and an average target price of $202.70.

Gartner Stock Up 1.5%

IT stock opened at $207.21 on Wednesday. Gartner has a twelve month low of $124.25 and a twelve month high of $256.89. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The company has a market cap of $13.09 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92. The business’s 50-day simple moving average is $197.29 and its 200 day simple moving average is $169.90.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 3rd. The information technology services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $2.84 by $0.75. Gartner had a return on equity of 1,440.35% and a net margin of 14.81%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the firm posted $2.76 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, research analysts anticipate that Gartner will post 14.00 earnings per share for the current year.

Insider Transactions at Gartner

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 transaction, the executive vice president owned 8,130 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robin B. Kranich sold 3,278 shares of Gartner stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $196.50, for a total value of $644,127.00. Following the completion of the sale, the executive vice president owned 20,358 shares of the company’s stock, valued at approximately $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,043 shares of company stock worth $1,172,858. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Lido Advisors LLC grew its position in shares of Gartner by 40.0% during the 3rd quarter. Lido Advisors LLC now owns 51,476 shares of the information technology services provider’s stock worth $9,602,000 after buying an additional 14,709 shares during the period. New York Life Investment Management LLC boosted its stake in Gartner by 0.5% in the third quarter. New York Life Investment Management LLC now owns 17,654 shares of the information technology services provider’s stock valued at $3,293,000 after acquiring an additional 92 shares during the last quarter. AlphaCore Capital LLC boosted its stake in Gartner by 41.2% in the third quarter. AlphaCore Capital LLC now owns 3,122 shares of the information technology services provider’s stock valued at $582,000 after acquiring an additional 911 shares during the last quarter. Fulcrum Asset Management LLP grew its holdings in Gartner by 5,888.4% during the 3rd quarter. Fulcrum Asset Management LLP now owns 17,606 shares of the information technology services provider’s stock worth $3,272,000 after acquiring an additional 17,312 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Gartner by 10.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,921 shares of the information technology services provider’s stock worth $949,000 after acquiring an additional 451 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner reported third-quarter adjusted earnings of $3.59 per share, above analyst expectations, and revenue of about $1.50 billion, also ahead of estimates. It raised its 2026 outlook, including adjusted EPS guidance of at least $14.65. Gartner Q3 earnings beat estimates and outlook raised
• Positive Sentiment: UBS raised its price target to $220 from $208 while maintaining a neutral rating, offering some support after the post-earnings selloff. UBS analyst rating
• Neutral Sentiment: Other target increases were more cautious: Goldman Sachs lifted its target to $207 and Morgan Stanley to $192, while keeping neutral or equal-weight ratings. Analyst rating updates
• Negative Sentiment: The raised annual outlook did not offset a disappointing implied fourth-quarter forecast. Management also indicated contract value growth was only 2.5% and that reaching a 4% pace by year-end was unlikely; longer sales cycles and rising costs add pressure to the recovery outlook. Gartner stock sinks despite raised outlook
• Negative Sentiment: Concerns that cheaper AI services could threaten Gartner’s offerings weighed on sentiment. Truist also downgraded the stock from buy to hold and cut its target to $210 from $235. Weak forecast and AI competition concerns

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.