Wells Fargo Reiterates Sell Rating on Gartner, Inc.
Wells Fargo analyst Jason Haas maintained a sell rating on Gartner, Inc. with a $120 price target, a 5.24% downside from the current price.
Key Points
- Wells Fargo reiterated its sell rating for Gartner, Inc. with a $120 price target on June 24, 2026.
- Wells Fargo's $120 price target implies 5.24% downside from Gartner, Inc.'s ($IT) current $126.63 share price.
- Gartner, Inc.'s stock traded at $129.18 on Wednesday, with a market cap of $8.42 billion and a P/E ratio of 12.4.
- Institutional investors like BlackRock and BAMCO have adjusted their holdings in Gartner, Inc. recently.
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Wells Fargo analyst Jason Haas reiterated a sell rating for Gartner, Inc. (NYSE:IT) on June 24, 2026, maintaining a price target of $120. Shares of Gartner traded at $129.18 on Wednesday.
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Gartner, Inc. Stock Down 36.2%
On Wednesday, shares of NYSE:IT traded near $129.18. Gartner, Inc. has a market cap of about $8.42 billion, with a P/E ratio of 12.4 and a forward P/E of 8.2. The stock's 52-week range is between $124.6 and $409.76, with a 50-day moving average of $153.24 and a 200-day moving average of $200.46. The company's current ratio stands at 0.939, and its quick ratio is 0.804, while its debt-to-equity ratio is notably high at 5293.41.
$IT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Gartner reported revenue of approximately $6.47 billion, which experienced a slight decline of 1.5%. The company achieved an earnings per share (EPS) of $10.12, with a net margin of 11.44% and a return on equity (ROE) of 94.88%. The next earnings release is expected on August 4, 2026.
Insider Buying and Selling at Gartner, Inc.
Recent insider activity at Gartner saw Eileen Serra buying and selling 1,744 shares on June 8, 2026, and 705 shares on June 1, 2026, without specified transaction values. Additionally, on May 29, 2026, Altaf Rupani, EVP and Chief Information Officer, and Dick Van Ham, EVP of Global Technology Sales, each purchased shares at an average price of $154.09.
Analysts Set New Price Targets
On June 24, 2026, Wells Fargo maintained its sell rating on Gartner, Inc. with a $120 price target. UBS maintained a hold rating with a $164 target on June 12, 2026. The analyst consensus is a hold recommendation with a mean target price of $166.54, based on 13 analyst opinions.
About Gartner, Inc.
Gartner, Inc. provides business and technology insights to help organizations with critical priorities. Headquartered in Stamford, Connecticut, it operates in technology services through its Insights, Conferences, and Consulting segments. Founded in 1979, Gartner is led by CEO Eugene A. Hall and employs nearly 19,367 people globally.
Bottom Line
Wells Fargo's reiteration of a sell rating with a $120 target suggests caution for Gartner, Inc. investors. With a high debt-to-equity ratio and recent insider trading activity, the stock presents a mixed picture. As always, it's important to remember that analyst ratings are just one piece of the puzzle, and individual investors should consider all aspects of a company's performance and market conditions.
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