Gartner, Inc. (NYSE:IT) Stock Has Average Price Target of $198.50

Shares of Gartner, Inc. (NYSE:IT) have been assigned an average rating of “Reduce” from the ten ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $198.50.

A number of research firms have weighed in on IT. Truist Financial increased their price objective on Gartner from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Wells Fargo & Company boosted their target price on Gartner from $150.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 20th. UBS Group upped 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. The Goldman Sachs Group upped their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley increased their price target on Gartner from $177.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday, October 8th.

Insider Activity

In other Gartner news, EVP Robin B. Kranich sold 3,278 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was 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 in the company, valued at approximately $4,000,347. The trade was a 13.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Akhil Jain sold 700 shares of the 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 transaction, the executive vice president directly owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,043 shares of company stock worth $1,172,858 in the last three months. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of Gartner

A number of institutional investors have recently modified their holdings of IT. Bamco Inc. NY purchased a new stake in Gartner in the 2nd quarter valued at about $985,243,000. BlackRock Inc. acquired a new position in shares of Gartner during the 2nd quarter valued at about $676,246,000. Bank of America Corp DE purchased a new position in shares of Gartner during the 2nd quarter worth about $117,661,000. Madison Asset Management LLC purchased a new position in shares of Gartner during the 2nd quarter worth about $74,481,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Gartner during the 2nd quarter worth about $51,262,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Price Performance

Shares of NYSE:IT opened at $203.99 on Wednesday. The company has a 50-day simple moving average of $197.07 and a 200-day simple moving average of $170.01. Gartner has a one year low of $124.25 and a one year high of $256.89. 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 has a market capitalization of $12.88 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.89 and a beta of 0.92.

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

More Gartner News

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner reported Q3 adjusted earnings of $3.59 per share, above analyst expectations, while revenue of about $1.50 billion also topped estimates. The company raised its 2026 outlook, including adjusted EPS of at least $14.65 and EBITDA of at least $1.615 billion. Gartner Q3 2026 results
• Positive Sentiment: Management said companies are seeking Gartner’s advice as they look for practical returns from AI investments, a potential source of future demand. What spooked Gartner investors
• Negative Sentiment: Despite the annual forecast increase, Gartner’s implied Q4 earnings outlook fell short of Wall Street’s expectations, raising concern that near-term results may not meet the growth investors anticipated. Gartner outlook and Q4 forecast
• Negative Sentiment: Investors also focused on modest growth in a key contract-value measure—about 2.5%—and management’s view that reaching a 4% pace by year-end is unlikely. Revenue was slightly lower year over year, tempering the headline earnings beat. Gartner growth concerns

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.