Gartner, Inc.
IT · NYSE
Analyst ratings
hold · 8 ratings
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| July 10, 2026 | Morgan Stanley | Maintains | Equal-Weight | $173.00 |
| June 24, 2026 | Wells Fargo | Maintains | Underweight | $120.00 |
| June 12, 2026 | UBS | Maintains | Neutral | $164.00 |
| May 6, 2026 | UBS | Maintains | Neutral | $170.00 |
| May 6, 2026 | Morgan Stanley | Maintains | Equal-Weight | $183.00 |
| May 6, 2026 | RBC Capital | Maintains | Sector Perform | $160.00 |
| April 28, 2026 | Goldman Sachs | Maintains | Neutral | $171.00 |
| April 10, 2026 | Barclays | Maintains | Equal-Weight | $150.00 |
| March 27, 2026 | Wells Fargo | Maintains | Underweight | $140.00 |
| March 26, 2026 | UBS | Maintains | Neutral | $166.00 |
| February 6, 2026 | Truist Securities | Maintains | Buy | $170.00 |
| February 5, 2026 | Barclays | Maintains | Equal-Weight | $180.00 |
| February 4, 2026 | Morgan Stanley | Maintains | Equal-Weight | $200.00 |
| February 4, 2026 | Wells Fargo | Maintains | Underweight | $150.00 |
| January 9, 2026 | UBS | Maintains | Neutral | $270.00 |
| December 17, 2025 | Morgan Stanley | Maintains | Equal-Weight | $275.00 |
| November 6, 2025 | BMO Capital | Maintains | Market Perform | $254.00 |
| November 5, 2025 | UBS | Maintains | Neutral | $256.00 |
| November 5, 2025 | Barclays | Maintains | Equal-Weight | $260.00 |
| November 5, 2025 | Goldman Sachs | Maintains | Buy | $390.00 |
| November 5, 2025 | Wells Fargo | Maintains | Underweight | $218.00 |
| October 29, 2025 | Wells Fargo | Maintains | Underweight | $231.00 |
| October 22, 2025 | Barclays | Downgrades | Equal-Weight | $270.00 |
| October 6, 2025 | UBS | Maintains | Neutral | $280.00 |
Generative AI disintermediation threat vs. AI-driven demand catalyst
Gartner is actively reinforcing its authority in AI and digital transformation, notably through its 2026 IT Symposium/Xpo for CIOs and its Magic Quadrant reports. RBC expects Q2 contract value growth, suggesting enterprise clients still value Gartner's research amid the AI revolution rather than replacing it.
RBC explicitly flagged that Gartner needs to deliver contract value growth to alleviate concerns about generative AI disintermediation. Morgan Stanley also noted persistently weak web traffic with only slight improvement from recent lows, raising doubts about the durability of client engagement with Gartner's research platform.
Consulting segment revenue decline and broader sector contagion risk
Gartner's Q1 2026 results showed adjusted EPS growth, stronger free cash flow, and raised full-year adjusted EBITDA and EPS guidance. The consulting revenue decline appears isolated, and analysts like Truist maintain a Buy rating, arguing the core research segment remains fundamentally intact and profitable.
Gartner's consulting revenue fell 14.7% year over year, leaving the stock highly sensitive to sector-wide demand concerns. A sharp selloff in a major consulting peer triggered sympathy pressure on Gartner in June 2026, illustrating how the weakening project demand environment continues to weigh on the stock.
Valuation and price target divergence: recovery potential vs. structural overvaluation
Despite broad price target cuts, analysts such as Truist (Buy, $170 target) and Morgan Stanley ($173 target) still see meaningful upside from current levels near $140. The average analyst price target of $164 implies roughly 15–17% upside, and Gartner's P/E of 13.22 appears reasonable relative to its 68.99% gross margin and consistent earnings beats.
Wells Fargo maintains an Underweight rating with the lowest price target of $120, implying further downside from current levels. Goldman Sachs downgraded Gartner from Buy to Neutral, and BMO Capital cut its target to $154 while keeping a Market Perform rating, reflecting concerns that the stock's elevated P/B ratio of 141.29 and negative cash flow trends make a meaningful re-rating unlikely.