Gartner (IT) Gets a Hold Rating from Cantor Fitzgerald


In a report released today, Joseph Foresi from Cantor Fitzgerald maintained a Hold rating on Gartner (IT), with a price target of $141. The company’s shares opened today at $142.56.

Foresi wrote:

“: We maintain our Neutral rating and PT of $141 on Gartner after attending its analyst day. The focus of the day was on Gartner’s ability to accelerate growth in its GxL (GBS) business and to improve margins while doing so, which we believe is crucial to maintaining its current valuation. Gartner continues to believe it can run its playbook in GxL, resulting in accelerated growth. The GTS, or IT research business, continues to be a crown jewel for the company.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 19.9% and a 85.9% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

The word on The Street in general, suggests a Hold analyst consensus rating for Gartner with a $141.67 average price target, representing a -0.6% downside. In a report issued on February 6, BMO Capital also downgraded the stock to Hold with a $142 price target.

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The company has a one-year high of $161.21 and a one-year low of $111.57. Currently, Gartner has an average volume of 721.2K.

Based on the recent corporate insider activity of 111 insiders, corporate insider sentiment is negative on the stock.

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Gartner, Inc. is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research; Consulting; Events; and Talent Assessment and Other. The Research segment gives advices on the mission-critical priorities of leaders.

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