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UBS has lowered its price target for Gartner's stock to $565 from $632 while maintaining a Buy rating, as concerns over business confidence and the impact of DOGE cryptocurrency emerge. Currently trading at $444.50, Gartner's stock has declined 7.6% year-to-date, with analysts projecting a growth rate of 7% for Q1, slightly below previous estimates. Despite these challenges, Gartner reported strong fourth-quarter results, exceeding earnings expectations and generating significant free cash flow, while CEO Gene Hall plans to accelerate hiring for future growth.
UBS has lowered its price target for Gartner shares from $632 to $565 while maintaining a Buy rating, as concerns about business confidence and the impact of DOGE, a cryptocurrency, emerge. Currently trading at $444.50, Gartner's stock is down 7.6% year-to-date, with analysts adjusting revenue growth expectations for the first quarter to the low to mid 7% range.Despite these challenges, Gartner reported strong fourth-quarter results, exceeding earnings expectations with adjusted EPS of $5.45 and revenue of $1.7 billion. The company’s contract value rose 8% year-on-year, and CEO Gene Hall announced plans for accelerated hiring to achieve sustained double-digit growth.
UBS has lowered its price target for Gartner shares to $565 from $632 while maintaining a Buy recommendation, as the stock trades at $444.50, down 7.6% this year. Analysts express concerns over business confidence and potential impacts from DOGE, projecting Q1 revenue growth at 7%, slightly below previous estimates.Despite these challenges, Gartner reported strong fourth-quarter results, with adjusted earnings per share of $5.45 and sales of $1.7 billion, exceeding expectations. The company plans to accelerate hiring to target sustainable double-digit growth moving forward.
Gene Hall
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ubs lowers gartner stock price target amid business concerns and cryptocurrency risks
16:44 19.03.2025
ubs lowers gartner price target amid concerns over business confidence and doge
16:12 19.03.2025
ubs lowers gartner price target amid business confidence concerns and crypto risks
16:12 19.03.2025
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