Wells Fargo & Company Issues Pessimistic Forecast for Gartner (NYSE:IT) Stock Price

Gartner (NYSE:IT) had its target price lowered by analysts at Wells Fargo & Company from $150.00 to $140.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 10.56% from the company’s previous close.

IT has been the subject of a number of other research reports. UBS Group cut their price target on shares of Gartner from $180.00 to $166.00 and set a “neutral” rating for the company in a research note on Thursday. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Barclays cut their target price on Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Truist Financial decreased their price target on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 price target on shares of Gartner in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Gartner has a consensus rating of “Hold” and a consensus price target of $188.30.

Gartner Stock Performance

Shares of IT opened at $156.54 on Friday. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. The company’s fifty day moving average is $174.59 and its 200-day moving average is $219.33. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. Gartner has a 12 month low of $139.18 and a 12 month high of $451.73.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the business earned $5.45 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities analysts expect that Gartner will post 12.5 EPS for the current fiscal year.

Institutional Trading of Gartner

A number of large investors have recently bought and sold shares of the business. Physician Wealth Advisors Inc. increased its holdings in Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. DV Equities LLC bought a new stake in shares of Gartner in the fourth quarter valued at about $25,000. Rakuten Securities Inc. lifted its holdings in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of Gartner during the fourth quarter worth about $26,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Gartner during the fourth quarter worth about $28,000. 91.51% of the stock is owned by institutional investors.

Key Gartner News

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner research highlights that large language models (LLMs) could become up to 100x more cost‑efficient by 2030, reinforcing Gartner’s role as a key industry analyst and potentially supporting demand for its advisory and AI‑related services over the medium term. This research increases the strategic relevance of Gartner’s offerings in AI adoption and could boost long‑term revenue prospects. Gartner: LLMs to be up to 100X more cost-efficient by 2030
• Neutral Sentiment: UBS trimmed its price target on Gartner from $180 to $166 and set a “neutral” rating; the new target implies modest upside versus current levels. This is a mild headwind to sentiment but not a bearish downgrade — it may temper near‑term upside while leaving analysts’ longer‑term views unchanged. UBS Lowers Price Target
• Negative Sentiment: A wave of securities‑class‑action notices and filings from multiple law firms alleges misstatements around consulting outlook, contract values and disclosures for the period Feb 4, 2025–Feb 2, 2026; lead‑plaintiff motions are due May 18, 2026. The proliferation of suits (several firms soliciting clients) raises headline risk, potential legal costs and uncertain liability exposure that could weigh on sentiment and share performance until resolved. Investor Notice — Robbins Geller

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.