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Gartner (NYSE:IT) Inc. stock has reached a new 52-week low, closing at 230.85 USD. This marks a significant downturn for the technology research and consulting company, which has seen its stock price fall by 51.72% over the past year. According to InvestingPro analysis, the company’s shares appear undervalued, with a P/E ratio of 14.13 and strong free cash flow yield. The decline in Gartner’s stock price reflects broader challenges facing the tech sector, as investors weigh concerns over market volatility and changing economic conditions. Despite these setbacks, Gartner continues to focus on its strategic initiatives, maintaining solid fundamentals with 5.89% revenue growth and a "GOOD" overall financial health score. InvestingPro analysis shows the stock is currently in oversold territory, with 14+ additional insights available for subscribers, including detailed valuation metrics and growth projections.
In other recent news, Gartner Inc. has seen a series of analyst adjustments and corporate developments. Jefferies has lowered its price target for Gartner to $260 from $390, maintaining a Hold rating due to concerns over a slowdown in contract value growth. Similarly, UBS downgraded Gartner from Buy to Neutral, reducing its price target to $270 from $480, following a significant miss in second-quarter contract value growth. UBS also lowered its price target earlier to $480 from $500 while maintaining a Buy rating, citing federal headwinds as a challenge. In another adjustment, UBS further reduced its target to $500 from $525, pointing to slowing federal cancellations as a factor. Additionally, Gartner reported the results of its 2025 Annual Meeting of Stockholders, where all nominees for the Board of Directors were elected. The election results included Peter E. Bisson, who received 65,991,485 votes in favor. These developments reflect recent changes and decisions impacting Gartner’s strategic direction.
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