Brokerages Set Gartner, Inc. (NYSE:IT) Target Price at $174.10

Shares of Gartner, Inc. (NYSE:IT) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $174.10.

A number of analysts recently issued reports on the company. Royal Bank Of Canada decreased their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings lowered Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 24th. Wells Fargo & Company decreased their price objective on Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 24th. Morgan Stanley reduced their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Finally, Barclays reduced their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th.

Institutional Investors Weigh In On Gartner

Several institutional investors have recently bought and sold shares of the stock. Cresset Asset Management LLC boosted its holdings in Gartner by 3.3% in the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after purchasing an additional 47 shares during the last quarter. Horizon Investments LLC boosted its holdings in Gartner by 4.3% in the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after purchasing an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Gartner by 5.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 56 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Gartner by 8.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock worth $212,000 after acquiring an additional 68 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Down 1.3%

IT stock opened at $133.18 on Thursday. The stock’s fifty day simple moving average is $150.70 and its two-hundred day simple moving average is $177.35. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner has a 1-year low of $124.25 and a 1-year high of $409.76. The stock has a market cap of $8.92 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.74 and a beta of 0.94.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Analysts expect that Gartner will post 13.65 EPS for the current year.

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.