On Nov 06, major Wall Street analysts update their ratings for $Gartner (IT.US)$, with price targets ranging from $470 to $590.
Morgan Stanley analyst Toni Kaplan maintains with a hold rating, and adjusts the target price from $528 to $560.
Barclays analyst Manav Patnaik maintains with a hold rating, and adjusts the target price from $470 to $525.
Wells Fargo analyst Jason Haas CFA maintains with a sell rating, and adjusts the target price from $460 to $470.
Baird analyst Jeffrey Meuler maintains with a buy rating, and adjusts the target price from $565 to $590.
Furthermore, according to the comprehensive report, the opinions of $Gartner (IT.US)$'s main analysts recently are as follows:
The overall contract value results for Gartner aligned with projections, as a substantial uptick was not anticipated for the quarter. It is believed that for Gartner to meet market expectations, a notable increase in performance will be necessary in the upcoming quarters, given that such an improvement is already reflected in the stock's pricing.
The assessment reflects that Gartner's recent performance and future projections align closely with anticipations. The sentiment remains highly optimistic regarding the company's ability to achieve robust organic growth efficiently under a management team with a track record of success. There is also favorability towards investing in the company in light of an anticipated near-term contractual value increase.
The company's recent quarterly results were in sync with expectations. Looking ahead, there's an anticipation of a 7.7% CV growth next year, which is a bit more conservative compared to the broader market expectation of 9.6%, based on the perspective of a continued lukewarm selling environment.
Here are the latest investment ratings and price targets for $Gartner (IT.US)$ from 4 analysts:
Note:
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