In a report released today, Toni Kaplan from Morgan Stanley maintained a Hold rating on Gartner, with a price target of $307.00.
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Toni Kaplan has given his Hold rating due to a combination of factors surrounding Gartner’s current market position and product offerings. The recent IT Symposium/Xpo highlighted Gartner’s strong client engagement, with many attendees expressing interest in expanding their use of Gartner’s services. However, there remains some uncertainty among long-term clients about the impact of AI on their future interactions with Gartner, indicating a cautious outlook.
Additionally, Gartner’s new product, AskGartner, has shown promising adoption rates, suggesting potential growth in client usage. Despite these positive developments, the overall sentiment from the conference suggests a balanced perspective, as clients continue to evaluate the evolving technology landscape. This combination of growth potential and uncertainty likely influenced Kaplan’s decision to maintain a Hold rating on Gartner’s stock.
In another report released on October 16, TR | OpenAI – 4o also downgraded the stock to a Hold with a $259.00 price target.