Barclays has revised its price target for Gartner, Inc. (IT, Financial), lowering it from $510 to $475, while maintaining an Overweight rating on the stock. This adjustment follows insights from the firm's chief investment officer survey, which indicates a downturn in expectations for 2025, despite a steady forecast for 2024.
The report highlights significant concerns for Gartner as seat and offering additions over the next 12 months have turned negative. The current net decline is at 37%, a notable drop from a previous net decrease of 14%. These figures suggest potential challenges ahead for Gartner's growth trajectory, prompting Barclays to adjust their outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Gartner Inc (IT, Financial) is $498.32 with a high estimate of $622.00 and a low estimate of $401.00. The average target implies an upside of 24.07% from the current price of $401.65. More detailed estimate data can be found on the Gartner Inc (IT) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Gartner Inc's (IT, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Gartner Inc (IT, Financial) in one year is $457.91, suggesting a upside of 14.01% from the current price of $401.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Gartner Inc (IT) Summary page.
