Gartner (NYSE:IT) Given New $207.00 Price Target at The Goldman Sachs Group

Gartner (NYSE:IT) had its target price lifted by analysts at The Goldman Sachs Group from $181.00 to $207.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. The Goldman Sachs Group‘s price target points to a potential downside of 1.80% from the stock’s current price.

A number of other brokerages have also issued reports on IT. 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 lifted their price objective on shares of Gartner from $150.00 to $175.00 and gave the company an “underweight” rating in a research note on Tuesday, October 20th. Truist Financial downgraded shares of Gartner from a “buy” rating to a “hold” rating and decreased their target price for the stock from $235.00 to $210.00 in a research note on Wednesday. Royal Bank Of Canada reissued a “sector perform” rating and set a $198.00 price target on shares of Gartner in a report on Tuesday, October 20th. Finally, UBS Group boosted their price target on Gartner from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Eight investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $200.50.

Gartner Stock Up 3.2%

Shares of IT stock traded up $6.57 during trading hours on Wednesday, reaching $210.79. 832,286 shares of the stock were exchanged, compared to its average volume of 1,450,946. The business’s fifty day moving average is $197.07 and its two-hundred day moving average is $170.01. The firm has a market capitalization of $13.31 billion, a P/E ratio of 18.89, a P/E/G ratio of 0.89 and a beta of 0.92. Gartner has a 12-month low of $124.25 and a 12-month high of $256.89. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88.

Gartner (NYSE:IT) last posted its earnings results 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. Gartner had a return on equity of 525.46% and a net margin of 11.99%. 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 previous year, the business earned $2.76 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, research analysts expect that Gartner will post 14.39 EPS for the current fiscal year.

Insider Transactions at Gartner

In other Gartner news, EVP Akhil Jain sold 700 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 8,130 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robin B. Kranich sold 3,278 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the transaction, the executive vice president owned 20,358 shares of the company’s stock, valued at $4,000,347. This trade represents a 13.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 6,043 shares of company stock valued at $1,172,858. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Gartner

Hedge funds have recently bought and sold shares of the stock. Bamco Inc. NY bought a new position in shares of Gartner in the second quarter valued at approximately $985,243,000. BlackRock Inc. bought a new stake in Gartner during the second quarter worth approximately $676,246,000. Bank of America Corp DE lifted its position in Gartner by 60.1% in the first quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider’s stock worth $122,519,000 after purchasing an additional 290,499 shares during the period. Madison Asset Management LLC acquired a new stake in Gartner in the second quarter worth approximately $74,481,000. Finally, Bollard Group LLC boosted its stake in Gartner by 35.1% during the 1st quarter. Bollard Group LLC now owns 364,462 shares of the information technology services provider’s stock valued at $57,709,000 after purchasing an additional 94,718 shares in the last quarter. Hedge funds and other 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 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

About Gartner

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.