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

Key Points

• Morgan Stanley raised its Gartner price target from $182 to $192 but maintained an “equal weight” rating; the new target implied 9.46% downside from the prior close.
• Analyst views remain cautious overall: MarketBeat reported a “Reduce” consensus rating and an average target of $201.50, with eight Hold ratings and two Sell ratings.
• Gartner beat quarterly earnings and revenue estimates, but revenue declined 1.2% year over year. Concerns about slower growth and a weaker-than-expected near-term outlook have tempered the positive results.

Gartner (NYSE:IT - Get Free Report) had its price objective boosted by investment analysts at Morgan Stanley from $182.00 to $192.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the information technology services provider's stock. Morgan Stanley's price objective would indicate a potential downside of 9.46% from the stock's previous close.

Several other equities research analysts have also commented on the company. Zacks Research lowered Gartner from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. UBS Group increased 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. Weiss Ratings lowered shares of Gartner from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, October 26th. Wells Fargo & Company raised their price objective on Gartner from $150.00 to $175.00 and gave the stock an "underweight" rating in a report on Tuesday, October 20th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $198.00 price target on shares of Gartner in a research report on Tuesday, October 20th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Gartner has a consensus rating of "Reduce" and a consensus target price of $201.50.

Gartner Stock Up 3.8%

IT stock traded up $7.83 during midday trading on Wednesday, reaching $212.05. 856,127 shares of the company were exchanged, compared to its average volume of 1,451,048. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The stock's 50-day simple moving average is $197.07 and its 200 day simple moving average is $170.01. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth 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.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.75. Gartner had a return on equity of 525.46% and a net margin of 11.99%. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the previous year, the business earned $2.76 earnings per share. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts forecast that Gartner will post 14.39 earnings per share for the current year.

Insiders Place Their Bets

In other Gartner news, EVP Akhil Jain sold 700 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was 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 $1,640,064.90. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president directly owned 6,208 shares of the company's stock, valued at $1,179,892.48. This represents a 16.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,043 shares of company stock valued at $1,172,858 over the last three months. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gartner

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Elevation Wealth Partners LLC acquired a new position in Gartner during the third quarter worth $30,000. Financial Management Professionals Inc. bought a new position in Gartner during the third quarter valued at about $30,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Gartner in the third quarter worth about $36,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Gartner in the first quarter worth about $34,000. Finally, Basecamp Wealth Advisors LLC boosted its stake in shares of Gartner by 107.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider's stock worth $37,000 after acquiring an additional 122 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Gartner

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.

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