Wells Fargo & Company Issues Pessimistic Forecast for Gartner (NYSE:IT) Stock Price

Gartner (NYSE:IT) had its target price reduced by investment analysts at Wells Fargo & Company from $150.00 to $140.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 10.56% from the company’s current price.

Other analysts have also recently issued reports about the stock. Morgan Stanley cut their price target on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Truist Financial decreased their price objective on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 6th. UBS Group dropped their target price on shares of Gartner from $180.00 to $166.00 and set a “neutral” rating for the company in a research report on Thursday. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada set a $175.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $188.30.

Gartner Stock Up 4.2%

Shares of NYSE IT opened at $156.54 on Friday. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. Gartner has a 1 year low of $139.18 and a 1 year high of $451.73. The stock’s 50-day simple moving average is $174.59 and its 200-day simple moving average is $219.33. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 1.51 and a beta of 1.08.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.Gartner’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, equities analysts anticipate that Gartner will post 12.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH increased its holdings in shares of Gartner by 28.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock valued at $32,244,000 after purchasing an additional 27,497 shares during the period. Madison Asset Management LLC boosted its holdings in shares of Gartner by 1.8% during the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock worth $188,165,000 after purchasing an additional 12,998 shares during the period. Weitz Investment Management Inc. boosted its holdings in shares of Gartner by 22.1% during the third quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock worth $28,226,000 after purchasing an additional 19,450 shares during the period. Barclays PLC grew its position in Gartner by 10.6% during the third quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock valued at $66,380,000 after purchasing an additional 24,116 shares in the last quarter. Finally, Buttonwood Financial Advisors Inc. acquired a new position in Gartner in the 3rd quarter valued at approximately $1,581,000. Institutional investors own 91.51% of the company’s stock.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner research highlights that large language models (LLMs) could become up to 100x more cost‑efficient by 2030, reinforcing Gartner’s role as a key industry analyst and potentially supporting demand for its advisory and AI‑related services over the medium term. This research increases the strategic relevance of Gartner’s offerings in AI adoption and could boost long‑term revenue prospects. Gartner: LLMs to be up to 100X more cost-efficient by 2030
• Neutral Sentiment: UBS trimmed its price target on Gartner from $180 to $166 and set a “neutral” rating; the new target implies modest upside versus current levels. This is a mild headwind to sentiment but not a bearish downgrade — it may temper near‑term upside while leaving analysts’ longer‑term views unchanged. UBS Lowers Price Target
• Negative Sentiment: A wave of securities‑class‑action notices and filings from multiple law firms alleges misstatements around consulting outlook, contract values and disclosures for the period Feb 4, 2025–Feb 2, 2026; lead‑plaintiff motions are due May 18, 2026. The proliferation of suits (several firms soliciting clients) raises headline risk, potential legal costs and uncertain liability exposure that could weigh on sentiment and share performance until resolved. Investor Notice — Robbins Geller

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.