UBS Maintains Buy on Gartner, Lowers Price Target to $510
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Chan maintains a Buy rating on Gartner (NYSE:IT) but lowers the price target from $550 to $510.
May 01, 2024 | 5:43 pm
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NEUTRAL IMPACT
UBS maintains a Buy rating on Gartner but lowers the price target from $550 to $510.
The adjustment in price target by UBS reflects a recalibration of expectations for Gartner's stock, possibly due to market conditions or company performance insights. While the Buy rating indicates continued confidence in the company's prospects, the reduced price target suggests a tempered outlook on its valuation. This could lead to short-term price adjustments as investors recalibrate their expectations based on this new analyst target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100