Gartner price target raised to $530 from $500 at BofA

BofA raised the firm’s price target on Gartner to $530 from $500 and keeps a Buy rating on the shares ahead of the company’s expected Q4 report in the week of February 4. The firm is bullish on the clearer line of sight to Research Contract Value inflecting positive by the first half of 2024, sees upside to EPS estimates and expects multiple expansion as Contract Value accelerates, the analyst tells investors in an earnings preview note.