Wells Fargo & Company Has Lowered Expectations for Gartner (NYSE:IT) Stock Price

Gartner (NYSE:IT) had its price target dropped by stock analysts at Wells Fargo & Company from $150.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 10.00% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Robert W. Baird set a $240.00 price target on shares of Gartner in a research report on Wednesday, February 4th. UBS Group lowered their price objective on shares of Gartner from $180.00 to $166.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley dropped their price objective on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $220.00 target price on shares of Gartner in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $188.30.

Gartner Stock Down 0.7%

Shares of NYSE:IT opened at $155.55 on Friday. The firm has a 50 day simple moving average of $173.08 and a 200 day simple moving average of $218.51. Gartner has a 52 week low of $139.18 and a 52 week high of $451.73. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $10.96 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.

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

Institutional Investors Weigh In On Gartner

Large investors have recently added to or reduced their stakes in the stock. Independent Franchise Partners LLP acquired a new position in Gartner in the 3rd quarter valued at $840,166,000. Capital International Investors bought a new stake in Gartner during the third quarter valued at about $820,113,000. J. Stern & Co. LLP boosted its holdings in Gartner by 8,182.0% during the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after acquiring an additional 1,518,333 shares during the period. Norges Bank bought a new stake in Gartner during the fourth quarter valued at about $299,576,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after purchasing an additional 1,025,010 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

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

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.