Gartner price target raised to $411 from $346 at BMO Capital

BMO Capital raised the firm’s price target on Gartner to $411 from $346 but keeps a Market Perform rating on the shares. The company’s Q3 results topped expectations, and the beat flowed through to 2023 guidance raise, the analyst tells investors in a research note. Gartner’s research NCVI and new buiness outperformed significantly as the new sellers ramped up in productivity, while the company’s Q3 adjusted EBITDA also came in much better than expected, attributable to Consulting strength and prudent expense management, the firm added. BMO will look to turn more constructive on the stock if it has a pullback.