BMO Capital has reduced its price target for Gartner (NYSE:IT) to $188 from $258, while maintaining a Market Perform rating, due to concerns over growth challenges despite an earnings beat. The stock has seen significant declines over the past week and year, with its RSI indicating oversold conditions. Gartner’s management is implementing initiatives to revitalize contract value growth, though the full benefits are expected to take “a couple of years.”
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Gartner stock price target lowered to $188 by BMO Capital on growth concerns
BMO Capital has reduced its price target for Gartner (NYSE:IT) to $188 from $258, while maintaining a Market Perform rating, due to concerns over growth challenges despite an earnings beat. The stock has seen significant declines over the past week and year, with its RSI indicating oversold conditions. Gartner’s management is implementing initiatives to revitalize contract value growth, though the full benefits are expected to take “a couple of years.”