The Goldman Sachs Group Issues Positive Forecast for Gartner (NYSE:IT) Stock Price

Gartner (NYSE:IT) had its target price increased by The Goldman Sachs Group from $181.00 to $207.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the information technology services provider’s stock.

Several other equities analysts have also recently commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $198.00 target price on shares of Gartner in a research note on Tuesday, October 20th. Wells Fargo & Company upped their price target on shares of Gartner from $150.00 to $175.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 20th. Weiss Ratings cut shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, October 26th. BMO Capital Markets reiterated a “market perform” rating and issued a $231.00 price objective on shares of Gartner in a report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of Gartner from $177.00 to $182.00 and gave the company an “equal weight” rating in a research note on Thursday, October 8th. Eight analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Gartner has a consensus rating of “Reduce” and a consensus price target of $202.70.

Gartner Price Performance

Shares of IT opened at $207.21 on Wednesday. Gartner has a one year low of $124.25 and a one year high of $256.89. The stock’s fifty day moving average is $197.29 and its 200-day moving average is $169.90. 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 firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92.

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

Insider Transactions at Gartner

In related news, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction 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. The trade was a 16.26% 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 Akhil Jain sold 700 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the sale, the executive vice president owned 8,130 shares in the company, valued at approximately $1,640,064.90. This trade represents a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 6,043 shares of company stock worth $1,172,858. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

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