Wells Fargo & Company Cuts Gartner (NYSE:IT) Price Target to $140.00

Gartner (NYSE:IT) had its target price reduced by Wells Fargo & Company from $150.00 to $140.00 in a research report report published on Friday morning,Benzinga reports. They currently have an underweight rating on the information technology services provider’s stock.

Several other research analysts have also recently issued reports on IT. Royal Bank Of Canada set a $175.00 target price on shares of Gartner in a report on Wednesday, February 4th. Barclays lowered their price target on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Truist Financial reduced their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Finally, BMO Capital Markets restated a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus price target of $188.30.

Gartner Price Performance

Shares of NYSE IT opened at $155.55 on Friday. Gartner has a 52 week low of $139.18 and a 52 week high of $451.73. The business’s 50 day moving average price is $173.08 and its 200 day moving average price is $218.40. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. The firm has a market cap of $10.96 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.56 and a beta of 1.08.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) 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 company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the firm posted $5.45 EPS. Gartner’s revenue for the quarter was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, sell-side analysts expect that Gartner will post 12.5 earnings per share for the current year.

Institutional Trading of Gartner

A number of hedge funds have recently added to or reduced their stakes in IT. Vanguard Group Inc. increased its holdings in Gartner by 5.3% in the third quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock valued at $2,650,304,000 after buying an additional 509,902 shares in the last quarter. Bamco Inc. NY raised its position in shares of Gartner by 18.3% in the third quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock worth $1,136,154,000 after acquiring an additional 669,352 shares during the period. Capital International Investors boosted its stake in shares of Gartner by 28.3% during the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after acquiring an additional 884,250 shares in the last quarter. State Street Corp boosted its stake in shares of Gartner by 2.8% during the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after acquiring an additional 96,809 shares in the last quarter. Finally, Independent Franchise Partners LLP grew its position in shares of Gartner by 3.5% during the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after acquiring an additional 112,439 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner research: analysts and industry press highlight that large language models (LLMs) could become up to 100x more cost-efficient by 2030 — a structural tailwind for Gartner’s advisory and AI-related services over the medium/long term. Gartner: LLMs to be up to 100X more cost-efficient by 2030
• Neutral Sentiment: UBS trimmed its price target (from $180 to $166) and kept a neutral rating — a modest recalibration of expectations but not a hard downgrade to underweight. UBS lowers Gartner price target to $166 – Benzinga
• Negative Sentiment: Wells Fargo cut its price target to $140 and moved to an “underweight” stance, citing the Iran conflict and its potential to rattle enterprise spending — a clear near-term negative for demand expectations. Gartner Price Target Lowered to $140 by Wells Fargo
• Negative Sentiment: Multiple law firms and plaintiff notices: several firms (PR Newswire / GlobeNewswire / Newsfile releases) are soliciting Gartner shareholders and filing or publicizing a securities class action alleging misrepresentations about consulting outlooks and contract values — increasing legal uncertainty and potential future litigation costs. Gartner shareholders have opportunity to lead securities fraud lawsuit – PR Newswire
• Negative Sentiment: Additional class-action notices from multiple firms (Bronstein, Grossman, Faruqi, Rosen, Pomerantz, Bernstein Liebhard, etc.) emphasize the May 18, 2026 lead-plaintiff deadline and allege investor harm during the Feb 4, 2025–Feb 2, 2026 period — this volume of filings raises near-term headline risk and could pressure sentiment absent clarifying company commentary. Bronstein urges Gartner investors to act – GlobeNewswire

About Gartner

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.